Interest rates should not be loaned to users who do not wear the risk. They are not entitled to a free lunch otherwise I am.
Its not the role for central control to pick winners. The people pick winners through their selection in a market of choices.
The insurance companies get hit the costs and they recoup via increased premiums to China and other risky places. If user does not pay they suffer all costs. Remember the person can stay in China. Thats their choice. They are not entitled to be de-risked!!!
Where is my benefit for not going to China and making a smart move avoiding the risks. I should not face higher taxes.
This is where the insurance industry has failed us. If you are facing risks its because the insurance companies have not provided cover.
Users should be able to request cover for risks including work risks, marriage risks etc.. for a price and insurance companies should provide it otherwise they are expelled. A insurance company that only provides for certain cover should be expelled as a fraudulent operator distorting the market by cherry picking and not pricing in all risks correctly.
If a worker is aware the premium for covering work issues for a certain employer is very high thats a signal for workers and customers not to use them and go somewhere else!!!
The trouble is the regulators have enabled socialism where costs fall back on the taxpayers!!! This country needs to be far more market orientated otherwise it will go bankrupt!!!
Not enough people are assessed for insurance risk. To many rely on taxpayers to bail them out bringing the country down through socialism and repression!!
