> Food, gambling, etc. are all backed by hordes of brilliant well paid people trying to get you to ruin your life so they make money. On the other side is just

> Food, gambling, etc. are all backed by hordes of brilliant well paid people trying to get you to ruin your life so they make money. On the other side is just regular people like us stressed out trying to survive. A similar argument can be made with healthcare (especially the US insurance system). There is all sorts of information asymmetry, not only from available treatments/procedures, but then also providers Kenneth Arrow wrote about this (in 1963), "Uncertainty and the welfare economics of health care" (see §II. generally, and perhaps §II. B. specifically): * https://assets.aeaweb.org/asset-server/files/9442.pdf https://assets.aeaweb.org/asset-server/files/9442.pdf Some disagree with the above assessment: * https://archive.is/q1nSN https://archive.is/q1nSN / http://www.theatlantic.com/business/archive/2012/03/liberals-are-wrong-free-market-health-care-is-possible/254648/ http://www.theatlantic.com/business/archive/2012/03/liberals...