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One big non-profit player will drive all the prices down thanks to competition. There is no reason for private insurance to be more expensive if they have non-
by Iv 9y ago
One big non-profit player will drive all the prices down thanks to competition.
There is no reason for private insurance to be more expensive if they have non-profit competitor. If this competitor was to disappear, on the other hand, the costs would probably sky-rocket.
- an_account 9y agoOr not, because the for profit businesses might be more efficient, since they have incentive to be.
- Iv 9y agoThis is popular wisdom but experience show the opposite: for profit insurance companies tend to be less efficient. I am not sure what the reason behind is.