[AUgrad]

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.

[Carry_Okie]

Well, since you liked that, I'll give you another.

The reason that the insurance companies have accepted socializing risk is that there is no longer any rational possibility in actuarially predicting a prospective settlement associated with a specific class of risks. Worse, if the capital is there to manage the risk the trial lawyers go after it like blood in the water.

This is a direct outcome of the degree to which the trial lawyers have ruined the court system in this country. To show you how far-reaching this becomes, consider how socializing risk through FAA regulations made it possible for airlines to operate with poor security and cheesy cockpit doors.