All insurance is socialism.

It's a bunch of people, paying into a fund that he neediest members get. If you oppose socializing insurance, just don't carry insurance, because that's exactly what it is. Heck, when I say it out loud, it's more than socialist, it's Communist! XD

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whowasthatmaskedman · 70-79, M

Au Contrare. Insurance is gambling. We pay our premiums on everything as a form of bet that an event will happen. The insurance Company (bookmaker) calculated the odds and sets the price where statistically he knows he should make a profit over the spread of clients as a whole. Then, if he loses on a few bets, he pays up.. But remember, The bookie sets the odds and generally has better information than the punter. When was the last time you saw a poor Bookie? But if you think it will never happen, dont insure.

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whowasthatmaskedman · 70-79, M

@CopperCicada I think we are talking at cross purposes here. A Govt aid program like Medicade or even Food Stamps is not insurance.

CopperCicada · M

@whowasthatmaskedman No. I'm talking about health insurance as something that's less of a catastrophic contingency and more of a discount on routine and regular services.

I mean, my total premiums are less than the cost of walk-in services for the routine things I use my health care coverage for. And some practitioners don't take people on cash basis. How is that possible?

whowasthatmaskedman · 70-79, M

It means that you are in the "winner" side of the bet. Others pay the same premium, but dont use the service. Unless of course you are in a Govt program like the V.A. program

4meAndyou · F

Insurance started in England and Holland waaay back in the 1500's. It started as bets, taken privately in clubs, that ships would or would not make it through their voyages. It was a bet....done for fun by extremely wealthy men.

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4meAndyou · F

@Xuan12 As a former insurance agent, I can assure you that all insurance is a bet...a bet on how long you will be able to pay before you need to call in your benefits. Hence actuarial tables, used by insurance companies to hedge their bets, and pre-qualifying health questionaires. It has more to do with organized crime than it does with communism.

Xuan12 · 31-35, M

@4meAndyou A lot of people referred to communism as organized crime. XD

4meAndyou · F

@Xuan12 True that. Putins communism, at the very least.

KingofPizza2 · 36-40, M

Seize the means of production by switching to Geico!

MarmeeMarch · M

Also it might be a good idea to have car insurance either. Most Likely won't get into an accident.

Mysti · 51-55, F

@MarmeeMarch as long as you have a fat savings account in the event you do cause an accident.

MarmeeMarch · M

@Mysti its all BS - just extra paperwork -- personally I have insurance - for basically everything.

Cierzo · M

It is when it is mandatory, not otherwise.

Xuan12 · 31-35, M

@Cierzo Even when it isn't mandatory. It's just spreading the cost and risk out over the entire membership. The community is just the body of customers instead of all citizens, but it's still the same in principle. You're thrown into a risk pool with strangers and the unfortunate ones get everyone's money.

Cierzo · M

@Xuan12 Maybe you are right. That's the difference from choosing to live in a socialist community, like a kibbutz, which I find totally acceptable, and forced socialism, which is hell on earth.

supersnipe · 61-69, M

Never thought of it that way, funnily enough.

Ryanoliver2011 · 26-30, M

🤔 very true

ViciDraco · 36-40, M

The idea is socialist, but the reality is capitalist. If insurance could never deny a claim it would be socialist. But the profit motive corrupts and renders insurance less effective than it could be.

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