Health insurance mandates vs. Auto liability requirements - a false analogy

A frequent argument for nationalized healthcare is the comparison to auto insurance. Obamacare advocates reason that since government requires people to purchase auto insurance government can also require people to purchase health insurance. The flaws in that argument are numerous. Compulsory auto insurance coverage is a state issue. Each state establishes minimum bodily injury and property damage liability coverage requirements as it deems appropriate. However, liability insurance provides no benefits to the policyholder beyond the transfer of risk. The auto insurance requirement serves to protect the public from catastrophic losses the insured may cause. While auto liability is compulsory, drivers aren't required to purchase coverage that protects personal interests. The state isn't concerned with how someone replaces their vehicle or pays personal medical expenses that result from their actions. Antagonists may counter that banks require collision coverage. But the banks...(Read Full Post)