Would we as a society be just be better off if all insurance was administered through the government since it could have everyone on it and pool the risk the best with greater numbers of people?

Respond to the following prompt by replying to the thread that corresponds with the discussion: Initial Substantive Posts: Submit an initial response to each of the prompts provided each week by your instructor. Your initial post should be substantive. In your substantive post you are encouraged to use references (you may use your textbook); show evidence of critical thinking as it applies to the concepts or prompt and/or use examples of the application of the concepts to work and life. Proper punctuation, grammar and correct spelling are expected. Please use the spell-check function. Froeb, L., & McCann, B. (2014). Managerial economics: A problem solving approach (3rd ed.). Australia: South-Western Cengage Learning. ISBN: 9781133951483 1.
AND DISCUSSION IS Would we as a society be just be better off if all insurance was administered through the government since it could have everyone on it and pool the risk the best with greater numbers of people?