The status quo is not that the insurance is subsidized, however. The negative externalities are being born by individual victims. A subsidy would be that the g

The status quo is not that the insurance is subsidized, however. The negative externalities are being born by individual victims. A subsidy would be that the government pays for all those unfunded individual externalities out of taxpayer money, which means that every driver has effectively infinite coverage but pays only the state minimums.