Connecticut to become first state to cancel medical debt for many residents

[Marthe48]

10. Happy to see this, but

It occurred to me a long time ago that there are 2 mandatory costs that people are required to assume: car insurance and house insurance. Responsible people pay for car insurance whether the state mandates coverage or not. Ohio is one of many states that mandates coverage, with a legal penalty if the driver isn't covered. In Ohio, I have to show the clerk at the license bureau proof of insurance to renew my license or tags.

If you don't own your house free and clear, the mortgage company requires insurance that covers the amount of the mortgage, at least. I don't know if Nationwide is hosing me, but the agent tells me that the insurance has to coverage the cost of replacement. With payoff, you can do what you please, but at least it is your choice.

Both of those costs, if they are mandatory, should at least be tax deductible, if not forgiven outright. Just my axe to grind.