Protection, pooled together.
End insurance as a product, everywhere. Public and social pools cover the risk directly: no company sells a policy, takes a profit, or decides whether a covered loss counts.
Realistic now
Create public car and home insurance pools with independent claims appeals, published pricing and disaster reserves. Use public and nonprofit administration during the transition.
The ideal
Essential insurance is public and at cost. Coverage, contributions, appeals and solvency are publicly accountable.
Benefits
Pool risk broadly and direct contributions to coverage and reserves instead of shareholder payouts.
Costs / risks
Claims, staff, reinsurance and catastrophe reserves cost money. Set coverage rules, prevention incentives and transparent subsidies.
The anti-abuse layer
Global budgets where they fit, so billing games gain nothing. Rules instead of risk prices, including rebuild-once and mitigation duties after repeated property losses. Claims and payout data published by region. A fraud unit with real penalties. Discretionary extras paid privately. Removing insurers saves overhead and profit, not the cost of claims themselves.
Real life
Social Security, Medicare, unemployment insurance and federal flood insurance pool different risks. Flood insurance covers specified flood losses.
Social Security Administration · Medicare · Basics · U.S. DOL · Unemployment insurance · FEMA · NFIP · NAIC · 2024 auto insurance expenditure