If you have this protection, it's like insurance. You, and everybody else, pay an insignificant amount of money and you get a much more expansive treatment incase of failure.
Sure you have a choice, back the politicians that are against this.
I don't get why freedom loving people rather have a corporate take away their freedoms than a democratic self governed body.
Both are power clusters, but in one you have a moral ground to criticise when it's acting against the populous interests (democratic government). While abuses of power from corporate cannot be argued against morally, you don't own them, they are playing by the rules, they manage to make a buck, all is above board morally while in actuality masses of people might be hurt by corporate abuses of power.
Freedom is extremely important but it is sometime conflicted with other values, a reasonable discussion of the conflict and tradeoffs is a much better way to improve life for people, than fanatically protecting the one single value you hold most dear.