What is really dangerous is the precedent this will set. Take a look at our incredibly overpriced health care, lawyers and insurance companies. Think of the vicious circle that we have created with these three. You need Lawyers to defend you and to fight for you if you are going to sue or are being sued. You need and, in most cases, are required to have insurance for the same reason as well as to pay for incredibly high medical bills.
Medical care is so overpriced partially because of the risk of litigation and the cost of insurance.
And while we're at it, let's look at insurance in America. This is without a doubt the greatest job in the world, selling insurance. What a joke. An insurance salesman wants to sell you something that he is convincing you that you can't live without. But they don't really think you will ever use it or they wouldn't try selling it to you.