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All mandatory insurance is a subsidy to private shareholders; it should not exist as is. If insurance is legally required, it should also be legally required t
by drawkward 2y ago
All mandatory insurance is a subsidy to private shareholders; it should not exist as is.
If insurance is legally required, it should also be legally required to be non-profit and government run.
- Schiendelman 2y agoI tend to agree. But how do you avoid that experience becoming terrible? Competition between insurance companies does keep the experience good and probably keeps the price down.
- drawkward 2y agosimple: you build the cost into the price of gasoline and electric charging. one risk pool and removing advertising probably also keeps the price down.
- stackedinserter 2y agoIt is government run in some Canadian provinces, and still sucks.
- drawkward 2y agoi never made any claim about its quality, just about who should be profiting off of legal mandates.