Hey, remember when structures on fire had to be insured by specific fire companies to actually be protected against just being allowed to burn uncontrollably?
We realized the enormous cost of that to society and eliminated that form of fire insurance entirely, and established municipal fire departments.1
I’m sure at the time there was much wailing and gnashing of teeth about the Free Market™ and how many people would lose their jobs and rending of garments about how unfair it was for investors in those corporations to lose their investments. But we got through that bullshit, and our society is better off.
Why does health insurance exist? Why does for-profit healthcare exist? Why don’t we just abolish it and establish a health service instead, like we did to fire insurance companies? What do you say, California?
- Mostly. There are still extremely rural places where this can happen, but it’s mostly because people insist on not living in a municipal or doing their part to support the services they use. ↩