Insurance is supposed to be about sharing the risk, not making profits.

The original insurance was boat owners who would put into a pot to cover a ship lost at sea.

One could point out that it was the boat and cargo, not the humans that were insured and it was assumed that the pot was refilled as needed and not just emptied into the pot holders pocket.

Careful records were kept as time passed and notes were made of the condition of the ships and of the captains who piloted them, so those which should have been burned and hung were charged much more than the well seasoned captain of a newly built modern ship.

These days The Insurance companies report record profits while complaining about record claims due to the weather damage of those who build in harms way.

Then we have health insurance and the costs of it.

Can we as a nation or world continue to put more and more into the costs of the health care while insurance companies reduce the care they accept as covered?

Then there is the problem of being held hostage by the insurance of your current employer.

If you have a health problem you will find that you can no longer change your job or you will lose your coverage for that problem. And your employer will know it too, which lends itself to the abuse of the employer who will take what they can from a slave of the system knowing the employee has no hope of complaining or leaving the job without sacrificing the insurance benefits that are aiding with the heath needs.

What happened to the concept of a group getting together to support each other as a whole?

It seems the concept of insurance has been corrupted like all things that are seen as a way to take money from others.

I’m not one to think that governments should do everything for the individual, but rather they should only do what the individual can not do for themselves, and it is looking to me that part of that could be either chastising those using peoples fear to abuse the insurance system to gain wealth, or replacing them with a true non profit, though also non loss, system of sharing the hazard like the original concept

This does not mean that those who wish to insure would need to be banished. It could mean that a basic level of social security could be held and above that one would or could acquire additional security for their needs.

One could argue we already have this social security system but this is not what the current social security system was meant for, and those who fall into the net before their time must spend so much effort to seek the support they need that the situation is compounded by the time help arrives, and sometimes it arrives too little too late.

We need to do four things to bring the current issues under control:

We need to remove the profit motive from insuring those in need whether by providing insurance to all at total cost or by requiring the insurance companies return the profits to the insured rather than those who wish to make money off other peoples fears.

We need to require those who put themselves in harms way to carry the burden of those choices.

We need to remove the costs of delaying the help to those who need it by removing the over zealous red tape and delays that make treatment more costly while costing those who intentionally cheat the system much more than they could ever gain from it.

We need to develop automated health care facilities that can replace the personnel costs of health care and do this before the large majority of baby boomers come into the aging care system.

If we don’t do these things the costs to the society will compound to breaking point and only those who have taken from others for their excessive gain will have the resources to survive. Until the masses take back what has been taken from them.