It's not as dramatic but this is the same thing that happens when you have an automobile accident and need repairs. The cost to the insurance company is much hi

It's not as dramatic but this is the same thing that happens when you have an automobile accident and need repairs. The cost to the insurance company is much higher than what you'd pay directly, but then you end up paying it through premiums with the added margin that goes to the insurance company. This is also a highly regulated market like healthcare, yet once again some of the most egregious behaviour is observed. The legislation in these industries reminds me of the jokes about central control on manufacturing by the USSR.