Insurance, by its very nature, socializes risks and losses while privatizing profits.
Explanation:
This has been the nature of insurance, health insurance inclusive. All insurance is about spreading (socializing) the risks so thinly that each affected person does not feel any heavy burden. A health insurance policy collects some amount of premium in order to cover unforeseen health risks for the insured. There is no policyholder who pays for the full cost of her policy. The cost is always spread out to the insuring public.
The correct answer for the question that is being presented above is this one: "FALSE." A taxpayer can be involved in the financial part of the election process by marking a box on his/her tax return requesting that a certain amount of his tax go into the presidential ELECTION fund.<span> </span>
