Brad Chasse
14th April 2004, 17:47
This is something i've been wondering about for probably as old as i can remember(I'm 17). I've noticed people pay insurance on everything like cars, and if they don't get in an accident they're entire life, what happens to all that money they spent on insurance? they don't get it back. I know people who work for liberty mutual and they're highly paid and treated well there. One friend plays solitaire most of her time and gets 8.50 an hour(in our area thats a really good afterschool pay). Has any country had insurance ran by the government? Could that work? Maybe not a tax to pay for it, but just nonprofit insurance, and maybe rates could be based more on economic situations. For one thing, when i was 16 and got my licsence i had an afterschool job making about 4 grand a year, and i got minimal liablity insurance on my car and it was 2400 a year, more than half of what i made, i don't have insurance anymore, its not required in my state so i'll take my chances.
Could insurance be a great pool of money a large group of people pay into, and take from when needed, the only extra costs would be to maintain it and process claims and all that. pretty much eliminating profit-making from insurance. is this a good idea?
Could insurance be a great pool of money a large group of people pay into, and take from when needed, the only extra costs would be to maintain it and process claims and all that. pretty much eliminating profit-making from insurance. is this a good idea?