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Hey we've got a legal mandate to fund insurers now with our 'public private partnership' healthcare system.. pick this up as your issue and you might have a luc
by cat199 9y ago
Hey we've got a legal mandate to fund insurers now with our 'public private partnership' healthcare system.. pick this up as your issue and you might have a lucrative career in lobbying lined up..
- matt4077 9y ago"Now"... The National Flood Insurance Act of 1968 established the government-backed flood insurance scheme. It has Ronald Reagan's signature. https://en.wikipedia.org/wiki/National_Flood_Insurance_Act_of_1968 https://en.wikipedia.org/wiki/National_Flood_Insurance_Act_o... The idea was and is twofold: first, it was seen as the only possibility to actually provide such insurance because insurance companies (even together) lack the financial strength to be able to insure risks that are statistically extremely dependent. Something like this flood costs dozens of billions, and it would bankrupt the whole industry. Secondly, it's in the national interest to promote such schemes that allow for more areas to be used productively.
- HillaryBriss 9y ago> insurance companies (even together) lack the financial strength high deductible policies and reinsurance are other tools that can be used to help with this problem