In response to:

Risky Business

GER-76 Wrote: Aug 28, 2012 5:50 PM
The perfect should not be the enemy of the good. We have always had some form of public welfare - governmental or private. People in true need would be given treatment. A nationwide market with a variety of policies coupled with enforcement of personal responsibility (denial of services to recidivists) would go a long way to reforming the system. The government continues to exacerbate the problem.

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...