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Risky Business

Claus4 Wrote: Aug 28, 2012 3:17 PM
...or if the government were to prohibit pencil makers from "capitalistic profit margin". Pencils would simply disappear from the marketplace because nobody would bother to go into the pencil making business. Liberals, of course, are unable to grasp this concept.

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...