3 ms·

That still seems like a problem that the market can solve somehow without nationalizing an obscene amount of the US economy. We need to look at the insurance i

That still seems like a problem that the market can solve somehow without nationalizing an obscene amount of the US economy. We need to look at the insurance industry from the standpoint of how they are growing profits, who is getting the big paydays for it, and how much lobbying is done on their behalf. Because I recall as a kid growing up in the 1980s that health insurance was not that big of a deal to my parents who were of modest income and so there must be a reason why. I think that reason is that insurance, like every place a big pot of money exists, was "financialized" by the usual suspects.

tluyben2 9y ago
But how can insurance not be perverse? If it is not nationalized then it is a private company that needs to make profits. And when you have that incentive, it is all about stats and risk. I find it a difficult problem to mix with capitalism. I have been raised in Europe and for me it is natural that one can go to the doctor 'for free' (if you cannot pay for it); I am trying to reason how insurance would ever work unless (like in NL) insurers must accept everyone no matter what happened before. How would that work? Is it not better for the insurance company to have people without money die? How can that fit?