All insurance works this way. Car insurance redistributes wealth from people who aren’t in accidents to people who are. Fire insurance redistributes wealth from people whose houses did not burn down to people whose houses did burn down. Flood insurance redistributes wealth from people who are dry to people whose belongings are soaking wet. And yes, health insurance redistributes wealth from people who are healthy to people who are sick.
Paul Ryan admitted he has no idea how health insurance works
Ian Millhiser
16142

As an ex-Insurance operative, sounds like socialism to me — ‘ From each according to his ability, to each according to his needs’ — I like it. But I’m an Aussie: ‘viva Medicare!’.

Show your support

Clapping shows how much you appreciated David Varley’s story.