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The word insurance refers to any agreement where a person pays another person or business to indemnify the safety, but to be more precise, pay for the replacement of any such personal property if said possession is lost, destroyed, or damaged in some other way other then the neglect or willful destruction of the property by said owner. Insurers are strongly opposed to a government-sponsored plan, saying it would drive them out of business. Democrats say a public plan would help everybody by injecting competition into a health care market that in many areas is dominated by a handful of major insurers. As people continue to cut back on their spending, businesses also slow production of their products and services and begin to layoff workers to cut costs while trying to maintain profits. Since the economic future looks grim, the stock prices of major corporations fall because investors are no … Read the rest