Quote (Goomshill @ May 29 2020 07:32pm)
insurance companies don't get money from nowhere, everyone pays
it means either insurers run out of money and can't make payouts, and/or premiums skyrocket for everyone, and/or tax money pays insurer deficits
look at Obamacare, they paid out huge amounts of new healthcare benefits and it cost everyone.
You act like insurance companies don't keep giant stockpiles in the bank for when shit hits the fan. The only time "everyone pays" is when something huge happens, like a hurricane or Covid, and yes when massive regulatory changes happen that require a re-balancing of the system.