Yes, the public is too stupid to buy the proper insurance o cover mental illness, drunkenness, promiscuity, gender switches, birth control, and blah blah, stuff that the majority do not need.
“Substandard” apparently means “Not subsidizing the lifestyles of others”
“Well, gee whiz! These last forty years I had no idea I was getting ripped off by those dirty dog insurance companies.” - Joe American