In response to:

Risky Business

birdfighter Wrote: Aug 28, 2012 2:05 PM
Govt should regulate only for safety and fraud. When govt regulates for cost and benefits and eligibility--mainly to win votes from consumers--then you no longer have a capitalist economy, nor a free society.

Insurance is all about risk. Yet neither insurance companies nor their policy-holders can do anything about one of the biggest risks -- namely, interference by politicians, to turn insurance into something other than a device to deal with risk.

By passing laws to force insurance companies to cover things that have nothing to do with risk, politicians force up the cost of insurance.

Annual checkups, for example, are known in advance to take place once a year. Foreseeable events are not a risk. Annual checkups are no cheaper when they are covered by an insurance policy. On...