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Considering you are talking about the health care system where insurance companies spend money on behalf of their customers. At no point did the customer of the
by bosie 6y ago
Considering you are talking about the health care system where insurance companies spend money on behalf of their customers. At no point did the customer of the doctor or dentist spend his or her hard earned money. It was always a large, authoriative corporation.
Why would it matter if the corporation is the government or an insurance company? Also, are you implying that you can't have a free market if you have insurance companies?
- tomatocracy 6y agoIt is indeed a problem with insurance as well where it's more commonly called moral hazard. With insurance traditionally there are a number of mechanisms which can help mitigate this eg copays, deductibles, etc. - and there is (sometimes) a market for pricing of policy premiums and terms. But it's far from perfect, especially in the US (at least as I understand the American system).