Should the insurance system be dismantled? What would take its place?

Answer 1

Yes. Our insurance system has turned into a protection racket.

Health insurance is worse than useless; insurance company finagling takes up to 30% of the dollars spent on healthcare, and emphasis in the healthcare industry is misplaced due to leadership by the paying agent--the insurance companies.

Auto insurance is ridiculous; costs far outweigh any set of benefits provided.

Homeowners' insurance is misplaced, and the companies collect funds not due them. Many renters are unable to obtain benefits, and government has provided funds to insurers instead of victims of flooding, hurricanes, etc.

The only insurance scheme that works in this country the way it was intended is Social Security, and the jackals of privatization are always nipping at its heels. Social Security costs less than 1% of the fund to administer, and has consistently performed well. As soon as the General Fund returns the money stolen from it, it will certainly be in the black.

I say kill the insurance monster altogether; use the Social Security agency as a model to provide relevant services to the citizenry.

Answer 2

Something needs to be done, the current system is nothing but fraud...so much small print a person has no idea what is signed....then they put in this,"act of god", to get out of anything, someone needs to say yeah but I am an atheist so pay up....then the fact that a person can louse a license and or car if no insurance is real b/s..now what state is it that is going to make it mandatory to have health insurance...I emailed the governor of that state and said why don't you just have everyone send you their paycheck and the state decides how much you need to live on..

Answer 3

Yes. Our insurance system has turned into a protection racket.

Answer 4

I agree with Nora.

Answer 5

Please be more specific about the insurance system you are referring to.