Good point Ardy but what you and Log are referring to is socialized medicine, not health insurance.
Not at all, BM.
I began by saying that the concept of insurance, where a large number of people pool their resources in order to spread the risk, is inherently a socialist manifestation. Do you disagree with that concept?
Yes I do, in a monetized society the pooling of large numbers of risk is an actuarial function of the insurance business, not the insureds. If it were not for a large number of similar losses to insure, not only would it be impossible to write standardized forms but it would not be profitable.
Even in a mutual insurance exchange a fee for service applies, the only difference is that if the company shows more profit and less losses at the end of the year they return a portion of the premium dollars to the members.
