Why do we accept socialized flood insurance for property but not health care?

Question

The only insurance for your home for a flood in most areas is only available from the federal government. Is that not socialized flood insurance?

My point was why is there not the outcry on this issue the same as the health care fight. This has been in effect for over 15 years!

As for the difference in a prepay system over a post pay, there is no difference dipstick. It matters only who is running the program e.g. government or private.
Who is the one who is fooled?

Answer 1

The point is that Republicans and others who are the first to start shouting "Socialized medicine!" whenever anyone brings up universal health care... gladly receive the benefits of socialized policing, socialized fire-fighting, socialized libraries, socialized schools, socialized infrastructure development...etc...

They don't have a problem with all kinds of socialized institutions... but they start freaking when someone mentions universal health care.

Social programs that are paid for by taxes and that serve the basic needs of the community... such as HEALTH CARE... are good ideas!!!! This is not... I repeat, this IS NOT a commie plot to undermine the 'American way'!!

Those folks have really got to grow up and start thinking for themselves!!

Answer 2

flood insurance is socialized. and like most socialized programs, it operates at huge annual losses, paid by your tax dollars.

still, the amount is small by comparison to socialized health benefits ... think I recall 3 billion a year.

'Tis true though ... flood insurance sometimes pays for floods on the same property multiple times over a decade. 'Twould be better to scrap the property after the second loss -- obviously, the risk is too high for rebuilding.

Naturally, the housing and mortgage industries oppose these measures since they permit them to build and sell properties while passing some of the risks to your taxes.


Nice try though ... there's a big difference between 3 billion a year and 6 trillion or more a year. At 3 billion, socialized flood insurance costs the average person $10 a year; socializing health will cost $2,000 per person -- and that's over and above what you already spend on health -- the national average for that is now over $7,500 and growing.


enjoy

Answer 3

When you think about it, all insurance is a socialist, although privately run. People are sharing responsibility so that if something bad happens to them, they don't have to pay the full cost of recovery. That is totally against the mantra of "personal responsibility" is it not?

The biggest difference is with private insurance, there are people who are pocketing large amounts of the money that people are pooling to help people out. But that seems to be okay with folks while a government run healthcare system such as medicare, with only a 1.5% administrative cost, is "evil socialism". I don't get it.

Answer 4

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Answer 5

What is being proposed for health care is not insurance. It is prepayment. Try to understand the difference.
Socialized flood insurance is just another stupid waste of taxpayer money. There is a far better regulatory remedy available. Look how the socialists have fooled and propagandized you.

Answer 6

1) insurance companies, whose core business is accepting risk, doesn't want risk so it wants corporate welfare in the form of federal government underwriting. Developers can't make money unless they develop something, so they put their political clout into this program so they can develop AND SELL homes in really unsuitable locations.

2) These same insurance companies see HUGE profit in health care and HMOs so don't wish to lose this huge bottom line inflator to the public sector. So they pour huge sums of money into scare ad campaigns to convince us that only one health insurance company cannot possibly do the job.

3) With health care costs expanding at several times the rate of virtually everything else including energy, what do we have to lose in trying the one payer system?

Answer 7

Q:"Why do we accept socialized flood insurance for property but not health care?"
A: Because we aren't full-blown socialists, yet.

But here's a related question: If you choose to live below sea level in a city near three bodies of water, doesn't Darwinism dictate that you get what's coming to you?

Answer 8

We also accept a "socialized" police department, fire department, postal service, public school system, etc...and have for a long time. I don't see us tilting towards becoming the Soviet Union yet.

Answer 9

I should tell State farm to send me my check back then!

Answer 10

I don't!

If you're home is flooded and you opt not to relocate, that should not be my responsibility. :) I do NOT support it.

No hypocrisy here.