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Joined 8 months ago
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Cake day: June 16th, 2024

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  • If individuals in California can’t find coverage, they may choose to sign onto the FAIR Plan, often referred to as the “last resort plan.” This system is not run by the government or taxpayer-funded, but rather a statutorily mandated, involuntary association of private property and casualty insurers, which pool together a fund that is used to help pay out claims. Overseen by the California Department of Insurance, the FAIR Plan mechanism is required to write insurance for those who cannot secure private insurance, but that doesn’t mean it’s free. Premiums under this plan are often high to reflect risk, and some homeowners may decide to go without any insurance at all.

    This sounds like a capitalist alternative to single-payer, so worse. Less benefits, higher costs, people can’t afford it so do without.

    Jeez, just at least give us a mixed economy, if robber barons can’t abide by socialist economy.