if the private-sector purchasers (whether individuals or insurers) aren't getting their money's worth why are they buying? There may be a massive consumer surp

if the private-sector purchasers (whether individuals or insurers) aren't getting their money's worth why are they buying? There may be a massive consumer surplus being eaten up by this price-fixing. In Europe, that consumer surplus comes in the form of low costs. In the US, it would come in the form of high profits for a little while, then higher competition.