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News Link • Healthcare Industry

Ron Paul: Leave Government Out Of Insurance Plan

Yeah — and that wouldn't be something that I could support, because once the government gets in and either mandates something or regulates it or subsidizes it, it's no longer insurance. If they want to call that a social welfare program, they would be more honest. But they shouldn't ever use the word "insurance." Insurance is a market phenomenon. When you buy something and somebody's paid to measure risk, like life insurance, people understand that. This whole idea that anybody that already has a condition can demand insurance is sort of like saying, well, your house is burning down, and you go to the insurance and say, "Hey my house is on fire. Can I buy insurance?"

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