Larry Page's demonstrated acumen and record of success in his business endeavors do not necessarily equate to divinely-inspired wisdom on all things ethical and economic.
Based on his remarks in TFA, I can only wonder if his quaintly naive understanding of the insurance industry is born of true ignorance or is he just pretending to toe the public-perception mark so not to offend the bigger fish in the pond.
Insurance companies are owned by the same incestuous, anonymous equity holding consortiums that own the big banks, mass media, and energy companies. Nobody rocks the boat for long till he gets chucked overboard and drowned.
The same privacy and fairness issues that apply to medicine apply to employment, social reputation, and access to credit.
Sure, he made a lot of money compared to us plebeians, but on the grand scale he's a just a lucky amateur.
Hasn't Professor Irwin Corey already claimed the title of World's Foremost Authority?