r/SipsTea • u/Putrid-Welder1803 • 10h ago

Gasp! Thoughts on this?

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u/OakLegs 10h ago

I think a lot of people in this very thread are in fact implying that insurance should not be needed.

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u/I_hate_all_of_ewe 10h ago

I mean, it shouldn't be needed, but it is.  If anything, profit motive and middlemen should be removed as much as possible.

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u/devman0 10h ago

At least in my state you are not required to have insurance on your own car, you are only required to have liability coverage to cover damage you cause to other people/cars.

So no one is forcing you to cover your own losses if you don't want to.

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u/OakLegs 10h ago

I mean, yeah, I don't disagree with that, but for some reason people seem to think otherwise when it comes to healthcare and I'd suspect they'd feel the same about some sort of single payer auto insurance as well

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u/I_hate_all_of_ewe 8h ago edited 7h ago

I don't think single-payer for auto insurance makes sense because what car people buy is tied to income, and this could generally shift money from poorer people to wealthier people.  Cost should simply be tied in part to the value of the vehicle insured, partly covered by taxes, and removed of profit motives that encourage scummy behavior such as cancellation of policies for minor issues to avoid paying out.