The idea of insurance, Mittens, is that a pool of money is created where everyone chips in a relatively small amount, and then every so often, someone who has a need receives a larger amount, as agreed upon.

Perhaps his idea is a privatized unemployment insurance operation, where everyone chips in a larger amount than they do now, and the executives use that money to play the market and give themselves big bonuses, and if someone has a need for covered payments, deny the claim and/or make it nearly impossible to collect. Then, when the executives fuck up, go pleading to the government for a bail-out because the company is "too big to fail."

Sound about right, Mittens? Fuck you.