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Excellent post. Before we had our children, I imagined purchasing meta-insurance -- insurance that my children would be insurable. I've thought that should ex
by orangecat 16y ago
Excellent post.
Before we had our children, I imagined purchasing meta-insurance -- insurance that my children would be insurable.
I've thought that should exist as well. It's similar to the concept of "health status insurance": http://www.cato.org/pub_display.php?pub_id=9986 http://www.cato.org/pub_display.php?pub_id=9986. Both ideas are fundamentally about restoring the actual meaning of the word "insurance", to provide protection against expensive and unlikely outcomes, not to cover minor and foreseeable expenses.
- ShabbyDoo 16y agoThanks for the link. I had never actually read about this and did not know that the term "health status insurance" had been coined. It is depressing that so many regard US healthcare as a market failure when the reality is that regulation has done so much to hurt people.
- VladRussian 16y ago>It is depressing that so many regard US healthcare as a market failure when the reality is that regulation has done so much to hurt people. unfortunately there is not enough regulation of the real kind - the insurance companies have been exempted from anti-trust law. Thus, because of missing regulation, there is no free competitive market of insurance in the US and thus it isn't a market failure.