***Insurance destroys every market it covers.***
That has to be the most ignorant comment I have ever read on FR!!!
Insurance does not ‘cover’ markets - it covers ‘losses’ from unexpected but inevitable risks.
Fire, flood, accidental injury & death, acts of God....and stupidity.
You see, maybe I don't share your brilliance. Duuuuh.
One of my first calls to Rush, many years ago was about this. I guess neither Snerdly nor Rush thought it was "ignorant." Of course, I was talking about medical insurance. If you don't think our health care delivery market is not only screwed up, but now filled with a substantial majority of non-medical personnel, your just not paying attention.
And speaking of ignorance, I wonder if you really didn't understand "markets covered by insurance."
ML/NJ