Insurance

The United States is awash in insurance. Every financial transaction has some insurance component attached to it. Why do we need insurance? As near as I can tell, we need insurance because we have insurance. If we didn’t have it, we wouldn’t need it.
You ask, "Okay, what’s wrong with insurance?"
Well, for starters, it costs a lot of money. It affects our daily lives, not just because it increases the cost of everything, but insurance companies impose many rules. In fact, the total collection of rules and conditions may equal or exceed the number of laws from our government. Insurance companies represent a shadow government in which we are forced to participate and within which we have no representation.
"So what?" you ask.
Have you been to a doctor or a hospital lately. If you have, you have experienced the downside of insurance first hand. Insurance rules and requirements control what treatment you can get, who can do it and how long your recuperation time is. Do you remember when that was your choice or at least your doctor’s choice?
Insurance affects how you are born, die and nearly every aspect of life in between.
Another problem insurance has created is the deep pocket syndrome. Insurance promises large piles of money to anyone fortunate enough to win a lawsuit. Such piles of money are a strong temptation for litigation and the total effect is, once again, to drive up the costs of goods and services.
The obvious solution is to outlaw insurance companies. The problem with that solution is that we need insurance. We need insurance because we have insurance.
How can we deal with this? I really don’t know. Do you have any suggestions?
Is it possible to wean ourselves slowly?