[onetwo_threefour]

There is of course the question of whether a captive market should be exposed to capital risk at all. If insurance is mandatory then exposing the premiums that are being collected to potential losses is IMO prima facie unfair to the insurance consumer. We are required to purchase this product, but have no effective control over the activities of the companies that should be custodians of those premiums. It's all well and good to say that you should therefore buy stock so you can have a say, but institutional investors or billionaires will always control this type of company.

This is one of the strongest arguments for public insurance in my mind.