In response to:

Risky Business

GER-76 Wrote: Aug 28, 2012 5:37 PM
What you say is absolutely true. It is mind-boggling that this is not understood by people and general the legislature in particular. It is gross pandering by politicians and greed by people who support it.

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...