Mr. Speaker, I think the hon. member sells the public short on this issue. People buy all kinds of insurance for all kinds of reasons every day. I do not think the hon. member is saying that the public is too dumb to figure out insurance on their automobile or their homes or anything else. At least I hope he is not saying that.
The fact is that people make very sophisticated investments every day ranging from investing in the stock market where they certainly have to judge risk to investing in mutual funds. We have seen a tremendous growth in the investments in mutual funds. People are very well acquainted with the risk of investing in those things.
The member is selling the public short on this whole issue. The public has a very good idea of exactly what they would be getting into and are quite capable of understanding co-insurance. The Public Interest Advocacy Centre is a supporter of co-insurance. The public is very well acquainted with insurance and with putting money into investments that carry an element of risk. The member is way off base by making that judgment about the ability of the public to understand.