Quote:
Originally Posted by OhioIstheBest
So you are saying there is law in place that says someone has to sell auto insurance? Health insurance? Other forms of insurance?
Insurance is done in the private sector. Everyone that participates does so voluntarily.
You lose.
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There are certainly laws that set up government insurance...Social security is an example medicare is another, as is the VA, as is unemployment insurance and the list goes on. Insurance is not exclusive private. Besides whether or not a government sets up something has little to do with whether it can regulate it. Do you want to argue that the government can't force cruise ships to buy and stock life jackets because the government has no life jacket factories. On top of that what definition of insurance are you using to claim it is done (exclusively?) in the private sector?
Your just wrong dude.