Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: shortstop
The real problem is that we haven't allowed insurance companies to discriminate in their pricing. In a just society, if you want to drive without seatbelts, bareback in a bath-house, or go bungee jumping, you can PAY for the risk that the activity will result in injury. As it is, the State forces the insurers not to discriminate so all those people pay the same medical insurance rates. We have thus politically removed one of insurance's primary roles in a free market: motivating the adoption of low risk behavior while fairly allocating capital to deal with a problem should high risk behavior lead to mishap.

When we socialize medicine so that the taxpayer picks up the tab if the insurer won't pay, the public has a claim on regulating risky behavior. We have thus ceded the freedom to do as we please becuause it is no longer possible to account for risk.

12 posted on 01/27/2003 12:38:20 PM PST by Carry_Okie (Because there are people in power who are truly evil.)
[ Post Reply | Private Reply | To 1 | View Replies ]


To: Carry_Okie
The real problem is that we haven't allowed insurance companies to discriminate in their pricing. In a just society, if you want to drive without seatbelts, bareback in a bath-house, or go bungee jumping, you can PAY for the risk that the activity will result in injury. As it is, the State forces the insurers not to discriminate so all those people pay the same medical insurance rates

GREAT point.

21 posted on 01/27/2003 12:43:26 PM PST by AUgrad (Warrrrrrrrrrrrrrr EAGLE!)
[ Post Reply | Private Reply | To 12 | View Replies ]

To: Carry_Okie
It is socialism, Sir, and you are correct.

Ever notice how many Freepers are not interested in fighting this creeping socialism?

54 posted on 01/27/2003 1:27:36 PM PST by metesky
[ Post Reply | Private Reply | To 12 | View Replies ]

To: Carry_Okie
"The real problem is that we haven't allowed insurance companies to discriminate in their pricing.?

I agree with that premise but it goes deeper. Not only would the insurance company have to be able to discriminate in their pricing but the insurance would have to be sufficient to keep Joe off of the public dole.

Example1

Joe Cyclist is going to tell Cycle Insurance he is going to wear his helmet. Cycle Insurance has no way of knowing Joe is violating his agreement until he has a wreck and the officer documents Joe didn't have his helmet on.

Now Cycle Insurance refuses to pay, since Joe was outside of his agreement with them. Joe has massive head injuries and guess who pays. You and me, because Joe is now on the public dole.

Example II-- Joe Cyclist was wearing his helmet but still has massive injuries. Cycle Insurance pays, but Joe ends up on the public dole anyway because the insurance wasn't sufficient. Once again, I'm paying for Joe.

Example III -- Insurance can now discriminate and minimum requirements for Insurance are sufficient so that no matter what Medical condition Joe ends up in as a result of his cycling, Joe will never be on the public dole.

Only problem is Joe can't afford Cycle Insurance. Neither can anyone else. For that matter, few people can now afford cars because we've applied the same principle to car insurance. The economy is reduced to a fraction of what it was and everyone loses.

System 1 - A system with Laws designed to enforce safety habits, minimal insurance requirements and a public safety net or

System 2 - A system with no safety laws, but minimum Insurance requirements sufficient to protect society from Joe's stupidity.

Or would you prefer...

System 3 - No safety laws, no insurance requirements, no public safety net, hospitals aren't required to treat anyone who can't pay. Joe can't get medical care, because of no insurance and dies. Joe's wife commits suicide because of the pressure of raising three kids by herself.

Joe's three kids end up on the street because there are no orphanages any more since we did away with the public safety net. The three kids take to crime causing property insurance to go up as well as the prison population and associated law enforcement and once again I'm paying for Joe's stupidity.

55 posted on 01/27/2003 1:30:37 PM PST by DannyTN (Note left on my door by a pack of neighborhood dogs.)
[ Post Reply | Private Reply | To 12 | View Replies ]

To: Carry_Okie
"...As it is, the State forces the insurers not to discriminate ..."

Dollars to donuts, the insurance companies were there first, demanding the state pass laws saying everyone must buy their products. That the government has, like a organized crime family, taken over the insurance industry, well...that's what happpes when you make a deal with the devil.

130 posted on 01/27/2003 6:44:51 PM PST by Leisler (Orwell and Mitchell Forever!)
[ Post Reply | Private Reply | To 12 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson