According to The Economic Times, the Islamic Fiqh Academy has decided that health insurance is a form of gambling, and thus is illegal under Islamic law. I find this to be a deplorable insult to gambling houses everywhere. Gambling generally has much better odds, and I think is likely a less corrupt industry. Let us compare and contrast:
- Gambling preys on the hopes of the poor. Insurance preys on the fears of the poor.
- Gambling is fun. Insurance: not fun.
- Money lost to insurance goes to corrupt old white guys, Money lost to gambling goes to corrupt old white guys, or Indians.
- Gambling is optional. Insurance is sometimes optional, but getting less so every day.
A note on number four; the academy stated that if the insurer was under legal constraints, it might be ok to purchase insurance. So if the government institutes mandated gambling, it isn’t a sin? What about mandating other sins? I find it interesting that an all powerful deity that will punish me in the afterlife would be nice enough to leave me a legal loophole. I guess Muslims can vote for Hillary after all.
The above was written before Obama was elected and passed Hillarycare under his own name, and Hillary ran again for president. The stranglehold of the insurance companies has grown ever stronger, and their mandate has had the side effect of putting them in a position to essentially be regulators, as they have conditions for coverage that is mandated.