Question for Canadians (or those from other nations evolved to the point of universal health care)

[PeaceNikki]

Another thread regarding an auto accident (or as my southern brethren would say "wreck") got me thinking about insurance - home, auto and obviously health.

I HATE insurance companies with a fiery burning passion beyond description. But, I know that insurance coverage is a disgustingly necessary evil. The point of mandatory liability for drivers was mentioned. Insurance is required by law and expensive - RIDICULOUSLY so in many cases.

But - why? I mean, the replacement of a vehicle and property, especially with with depreciation and stuff has a limit, a tangible figure. However, the medical coverage in the event of a major event can be catastrophic and darn near limitless. But, when a nation has universal coverage, those medical costs don't exist. So, are auto insurance rates lower as a result? I would think significantly. Is this the case? Is auto insurance much lower there?

Also, if we had a single payer, universal system - would the financial impact in revenue be not only on the Kaiser Permanente and BC/BS's but also on the State Farm and Allstate's? Are they also deathly opposed to/lobbying against a universal healthcare system?

On one hand, their payouts for medical bills would be eliminated, but the net $ that they bring in, invest and earn on before they pay out drops by potentially a ton. Right? Or not?