[Superman]

Insurance is the caricature of what is wrong with our "survival of the fittest" economy. First, that we need to buy a sense of security in the first place.

But mostly, I'm thinking the insurance industry is purely financial. It's actuarial. It is simply a pile of money that underwrites expected expenses. No insurance company can build any real advantage compared to another. This would be the PERFECT industry to take from the private sector. It's like a private bank versus a credit union. Credit unions do not have to pass part of your cash to third-party corporate stockholders. So, they can offer better interest rates. Banking and insurance have that in common. They are simple calculations, and a pile of money to pay future expected commitments. If the public were a young married couple that could not afford to self-insure then I'd say fine, go ahead and let a profiteering company sell you that service for a bit. But we're not a poor young married couple. We could underwrite this ourselves, and cut out both the middle man, and the separate "owner."

Of course, many will argue that the gubmit would screw that up, and that there would be only lazy, useless workers doing the work. I guess that's in contrast to the helpful sensitive and caring workers in the private insurance industry.