[jyl]

Insurance companies serve an important function, of taking on risk too large for individuals/businesses to bear, for a price. For the system to work, insurers have to be paid adequately for that risk, or insurers and capital leave the market. CA and FL and most states have tried to, in effect, shield homeowners from the true risk of certain areas. That causes over development and inadequate construction/prevention in those areas. Insurers leaving the market is how the price and therefore system get rebalanced. It sucks for homeowners who were underpaying the true costs of living there; it is good for other homeowners who didn’t choose to live there. I know, it’s not like most people consciously knew they were underpaying, it will be rough on them.

I don’t consider health insurance to be true insurance. Those companies aren’t taking on risk like real insurers, they simply charge a fee for the “service” of receiving money, taking as big a cut as they can, including from drugs using their owned PBMs and from services using their owned providers, and passing as little of it as slowly as possible on to pay for people’s medical care. They are toll-takers and they suck.

Did you know Medicare is the most efficient medical system in the US - it spends far less on administration, pays lower rates for medical services, pays less for drugs, and provides better healthcare, than private payors like UHC. If everyone was on Medicare, the country as a while would pay less for healthcare and our health would be better.