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Aren't most forms of Insurance Mandated?

Car Insurance
Homeowner's Insurance

Are the two big examples that spring to mind. These are required. You must have them. If not you are not entitled to other privileges (driving/owning a home).

Why are you ok with having those items mandated to you; but guaranteeing a way to cover your medical expenses is abhorrent??

It's all about covering the other person right?
Car Ins guarantees the bank loan; and covers expenses for anyone else involved in the accident; right?
Homeowners Ins guarantees the Mortgage; and covers any one or thing inside; right? (depending on limitations)
Health Ins simply guarantees that you can pay the Dr for his services.

I don't see a huge difference.

Answer Question
 
Anonymous

Asked by Anonymous at 4:57 PM on Apr. 2, 2010 in Politics & Current Events

Answers (44)
  • You are not required to have homeowners insurance. Your bank will probably require it IF you have a mortgage, but it's not a legal requirement.
    NotPanicking

    Answer by NotPanicking at 4:58 PM on Apr. 2, 2010

  • Should we be required to have life insurance too? What about pet insurance? As NP pointed out, homeowner's insurance isn't required, but the bank usually says you have to have it for your mortgage. If you don't own a car or have a mortgage, you don't have to pay for those things and there are no penalties for not having them.
    anime_mom619

    Answer by anime_mom619 at 5:02 PM on Apr. 2, 2010

  • You're not required to own a home or drive a car...both are privileges.

    I suppose you *could* decide that living was a privilege....nah.

    Thing is, insurance went from being a reliable revenue stream for hospitals and doctors (the original intent) to becoming a monster that no one can understand easily. Sorta like the tax code.

    Hm. And NOW I know the answer to that question someone asked yesterday about what I'd do if in charge...toss the tax code and replace it with something EVERYONE can read and understand. (I know...off the subject.)
    gdiamante

    Answer by gdiamante at 5:04 PM on Apr. 2, 2010

  • Umm - I did specify those things were privileges in my OP; which would cover the whole if you don't have arguments...

    However - the question is:

    IF you want a car you MUST have insurance to make sure at least the other person's expenses are covered in an accident.
    90% of us have a Mortgage and as such are required to carry insurance to make sure they are paid if damage occurs to the home.

    So WHY is it a bad thing to say you must guarantee a way to pay your medical bills.

    As you ladies pointed out - not everyone will own a car; not everyone will be a homeowner - however EVERYONE will get sick and need a Dr/hospital at some point in their life.
    Anonymous

    Answer by Anonymous at 5:09 PM on Apr. 2, 2010

  • 90% of us have a Mortgage and as such are required to carry insurance to make sure they are paid if damage occurs to the home.

    Wrong. About 70% of the dwellings in the US are mortgaged, and of those, some are rental properties, meaning the people who live in them are still not required to cover them. The landlord is, but the resident is not required to pay any kind of insurance to live in it.

    AND as usual, the car insurance argument is still stupid - car insurance is only legally required to reimburse someone else you injure. Unless health insurance is going to start paying off people who catch my cold, it's apples and oranges. Car insurance has NOTHING to do with paying your mechanic or loan company. 9 times out of 10, even with the insurance, you still end up owing the on the loan.
    NotPanicking

    Answer by NotPanicking at 5:15 PM on Apr. 2, 2010

  • It is unconstitutional to mandate people to purchase something just for the privilege to be alive. This analogy has been done to death. It is not the same. Why is it that people desire health insurance at all? Why don't we all self pay and then do away with insurance completely? Why don't people realize that they can make an appointment at a doctor's office and pay out of pocket? Why do people wait until something is so bad that they end up in the ER and then have the nerve to bitch about the cost of emergency services, when they neglected to take care of their ailment before it became an emergency?


    You are not required to purchase and drive a vehicle.
    You are not required to purchase and live in a home that is mortgaged.
    Those are choices.

    QuinnMae

    Answer by QuinnMae at 5:24 PM on Apr. 2, 2010

  • NP - I should have said 90% of homeowners have mortgages...my mistake ~OP
    Anonymous

    Answer by Anonymous at 5:33 PM on Apr. 2, 2010

  • AND as usual, the car insurance argument is still stupid - car insurance is only legally required to reimburse someone else you injure. Unless health insurance is going to start paying off people who catch my cold, it's apples and oranges.


    No - but it's being required to guarantee you can reimburse the Dr for his services; is it not?
    Anonymous

    Answer by Anonymous at 5:33 PM on Apr. 2, 2010

  • It is unconstitutional to mandate people to purchase something just for the privilege to be alive.


    But it's not about the privilege to be alive - it's about making damn sure you can pay for any medical bills you may accrue; often from some unforeseeable event
    Anonymous

    Answer by Anonymous at 5:35 PM on Apr. 2, 2010

  • Owning a home or a car is a choice. You don't have to buy either one of them. You can rent, walk, use public transportation (or annoy your friends by always bumming rides). If you are an illegal you can own a home or a car and NOT need insurance.

    I think insurance should be illegal. ALL of it. It makes people careless and rude. Replace it with indentured servitude for careless people ~ or the accident prone. The world would be a much nicer place if people were accountable for their actions instead of relying on some insurance company to pay others off for them. People would pay attention, wait their turn, stop cutting others off, not pile their laundry on electric heaters, look before they cross the street, etc. Why? Because life itself would wear a sign that says 'if you break it you buy it (or work it off).

    I've had ins. for 30 years and never filed a claim. That's a poor investment.
    Farmlady09

    Answer by Farmlady09 at 5:48 PM on Apr. 2, 2010

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