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This is a great question. In a class literally called “Economics 101” I took 20 years ago, we proved that the most efficient number of insurance providers is 1,
by blackguardx 2y ago
This is a great question. In a class literally called “Economics 101” I took 20 years ago, we proved that the most efficient number of insurance providers is 1, implying that the government should provide this insurance.
- amazingamazing 2y agoThat makes no sense. It depends on your risk profile. Believe it or not there are many who are healthy, even going into old age. The fact this baffles many just shows how unhealthy America is.
- blackguardx 2y agoThe basic gist is that more insurance companies = more overhead so total cost of healthcare is higher. The ideal number of insurance pools is one.