[Alberta's Child]

My question was, “who stops the market from absorbing these risks and costs, absent government regulation?”

Nobody stops the market from doing anything, except that the entire system collapses because nobody can afford an insurance policy when the market prices these risks accordingly.

Government intervention is what happens under public pressure when the public realizes they can't afford something they think they're entitled to.

[Hugh the Scot]

I’ve never learned a damn thing from a man that agrees with me.