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Politics : A US National Health Care System?
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To: John Koligman who wrote (2341)10/26/2007 1:20:39 PM
From: TimF  Read Replies (1) of 42652
 
Allstate might have pulled out of Southern California, but its not like the market isn't served.

And such pullouts often have more to do with government pressure, or regulation than they do with market forces. Government try to limit what the companies can charge, or they heavily regulate what must be covered. Absent limits on prices, the market would be served, but it would be served at a high price, commensurate with its risks.

Compare to federal flood insurance which has increased the damage done by floods by in effect subsidizing development in areas prone to floods.
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