long, please read for anyone believing the govt controlled health insurance myth.....
anyone here ever had to purchase flood insurance? I have had to recently. it is 100% controlled by the govt through fema. no one in the insurance business not directly associated with that sector knew a damn thing about it, why, because it is controlled by the govt.
after Katrina, then more recently the Houston floods, the govt lost their asses on claims. so what do they do, they go out and rezone most of middle America for anyone living anywhere near a body of water and force flood insurance on the populace. they re-designated existing zones regardless of the fact no claims have been filed or flooding has never occurred. why, so they can get their money back. to require insurance being needed, the govt says there only has to be a 1% chance a 100 year event could possibly occur, lol. think about that.
some homeowners could go out and get elevation certs done, some which proved they didn't actually live in a flood zone, even after the govt mandated they buy the insurance. the govt agreed the cert was correct but refused to pay back the premiums they forced on them, and you could do nothing because no one regulates the govt.
flood insurance policies are insane, premiums are unregulated, make no sense and deductibles are through the roof rendering the actual policy worthless. and don't go and actually make a claim if an incident does occur, the govt will jack your rate up to the point you can't afford your home anymore.
so imagine what the govt would do once they get their hands on health insurance......no one regulates the govt, remember that. uncle sam always collects
luckily my policy is not too bad and within my means for beautiful piece of property. even though there is no chance whatsoever a flood can occur, I have to have it.