Quote:
Originally Posted by rahl
Since I'm an insurance agent i understand the meaning of insurance very well. The point powerclown was trying to make is that there are people who don't want to pay for your insurance. Which is what a public plan would mean. In a private system nobody pay's for your insurance or medical care but you.
The definition of insurance by the way is: coverage by contract in which one party agrees to indemnify or reimburse another for loss that occurs under the terms of the contract.
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and that reimbursement comes from thin air, right? Or maybe they print the money in the basement?
The difference between private and public insurance is merely administrative. You might claim that one system is more efficient than the other, but at its basis they are the same. A redistribution of income from the healthy to the sick.