Insurance is a brilliant, beautiful idea. People come together to pool resources so that in the rare event that a catastrophe befalls someone, that unlucky person does not lose everything.

The idea of insurance went wrong when for-profit companies were allowed to get involved. Public insurance is cheaper and better. I'm not sure if it is still the case today, but until a few years ago public insurance in Saskatchewan cost a couple hundred bucks a year while people in other provinces were paying $1500 for the same coverage.