Insurance, or de facto mandatory gambling where the majority of the players don't know the rules
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@St_Rev I need to think about that a lil' -
@blue_traveler Rephrased: gambling creates risk, insurance reduces it. Insurance has to be a kind of canceling bet against an existing risk. -
@blue_traveler eg: Car insurance is a bet that pays off if and only if you wreck your car or have to pay a lawsuit. It cancels those risks. -
@St_Rev@blue_traveler health insurance increases risk to the entire system (in the large scale) but people call it "insurance" -
@sarahdoingthing@St_Rev@blue_traveler would a single payer model fall under this reasoning as well? -
@stephenwlinn@sarahdoingthing@blue_traveler It would have many but not all of the catastrophic features of the US system. -
@stephenwlinn@sarahdoingthing@blue_traveler US somehow managed the neat trick of making the worst possible policy decision at every step. -
@stephenwlinn@sarahdoingthing@blue_traveler National cat coverage plan a la Goldwater/McArdle >> single payer => US system. - 1 more reply
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. Banned in Sweden. SubGenius, Zhuangist, white-hat troll. Defrocked mathematician. Brain problems.