alt Hacker NewsCould we not keep the same "harsh" plan, and then let others provide and purchase such insurance on their own? Why does the insurance have to be mandated?
Could we not keep the same "harsh" plan, and then let others provide and purchase such insurance on their own? Why does the insurance have to be mandated?
Because the company will file bankruptcy and nobody will get anything. Requiring insurance up front at least provides some coverage for liabilities.
It's why you can't legally drive without insurance. It's not for you or your car, nobody cares about that. It's for the other people and their property.