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Originally Posted by kg_veteran
Exactly. Welfare isn't what insurance companies do.
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right, and that is why insurers aren't "socialist welfare schemes".
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BTW, Mavdog, if you think that insurance companies are going to operate at a loss just because the government tells them that they can't deny anyone coverage, I think you're in for a rude awakening. The reality is that if you mandate coverage for everyone, for everything, you're going to eventually run all the private insurers out of the market.
And then you'll have the single-payer system.
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and if they operate with a profit because they correctly approximate their losses with appropriate premiums, the population will be better off, the industry will be better off, and the government won't be in the insurance business.
the risk associated with pool of insured won't materially change, and the actuarial tables will be valid and reliable.
and just like we have now, there will be competition in the marketplace.