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Or you could answer whether insurance is rent seeking that's parasitic on society. I don't know the details so could be wrong, but if insurance is mandated by g
by version_five 4y ago
Or you could answer whether insurance is rent seeking that's parasitic on society. I don't know the details so could be wrong, but if insurance is mandated by government and supplied by an oligopoly, it's fees don't necessarily reflect the actual risk involved. It's easy to see comparisons of different health/car insurance costs across jurisdictions to see that.
- rootusrootus 4y agoWell, yes, I think if that's how you feel about insurance and the supposed lack of a functioning free market, you have to resolve that question first before using it as an indication of actual risk.