The 9.0 quake that struck Japan could very easily cost more than $100 billion in damages. Don’t expect that insurance policy to cover it.

Insurance companies might cover as little as $12 billion of losses.

Eqecat, a catastrophe-modeling firm, estimated that the quake may trigger only $12 billion to $25 billion of insured losses.

And the government of the United States wants a health care system totally controlled by the insurance industry?