So you have a good deal, & an insurer who honors its contract with you. And you’re scared that change could disrupt that.
Well, the nature of the free market is that it is dynamic. Executives are replaced, everything is for sale eventually, everything crumbles & fades. So maybe the free market will give you a disruptive change, & cost you everything you thought you could count on, without any change in the law. And as I said, you’re a liability.
And this very thing has happened to people in this country. Look at Madoff’s clients, who thought they were smart investors, getting a good deal. But what do you care about them? For today, you’re OK.
You know what? On a national policy level, I just don’t care that much about you. Or me, for that matter. It’s the system that concerns me. Maybe you, individually, would end up worse off. Maybe I would. I’m OK with that if it means that society in general is better off.
A. No premiums. Tax-based funding means that the money comes from the economy as a whole.
B. As such, we’re not taxing those who only have a little bit left. The model at work here, we hope, is not Social Security withholding, but progressive income tax.
C. Administering it through the civil service, & for the whole country, means greater efficiency than that of umpteen private companies.
Ergo, as a middle income household, you might (if the tax formula is handled right) come out ahead.