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Author: KingOfTown Three stars, 500 posts Old School Fool Global Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 454815  
Subject: Re: Control Panel: momentum vs. median value Date: 11/12/2013 6:52 PM
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"It is UTTER NONSENSE to insure against events that have either 100% or 0% chance of occurring."

I totally get that and agree.

Insurance companies should not be in the health care sector at all.

The richest country on earth should be able to supply its citizens with all of their health care needs as a public service, nothing to do with insurance. And yes public services come out of taxes (like roads, safe water supplies, national defense etc.).

The purpose of forming a society is to provide for the general good of the public at large.

Les
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