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Why is it the responsibility of private insurance companies to look after society’s most vulnerable? I think it is a much more sensible arrangement that insura
by jaredklewis 7y ago
Why is it the responsibility of private insurance companies to look after society’s most vulnerable?
I think it is a much more sensible arrangement that insurance companies are free to operate as they see fit and that the government be responsible for the well being of its poorest citizens.
Should grocery and clothing stores be required to feed and clothe the poor, respectively? To me, this feels like a shrinking of government duties onto businesses.
- teekert 7y agoI guess it depends on the market, healthcare is not a free market as you can never say: "Guess I'll die.", no rational human does that. Moreover, the single drug people require is often patented and thus monopolized. But people will say: "Guess I won't buy a Hugo Boss suit." I guess you can go the route of government sponsored insurance (and everybody know governments hardly negotiate as they can print money) or you make laws and keep tight control over what insurance companies can and can't do.
- klyrs 7y ago> Why is it the responsibility of private insurance companies to look after society’s most vulnerable? Because drivers are required by law, in many jurisdictions, to have insurance.
- tonyedgecombe 7y agoShould you be providing them with free cars as well? Where do you draw the line?
- danShumway 7y ago> Why is it the responsibility of private insurance companies to look after society’s most vulnerable This sounds like an argument for nationalized insurance, which may have been the point you were trying to make. Was that the intention?