Insurance, or de facto mandatory gambling where the majority of the players don't know the rules
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@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. -
@stephenwlinn@sarahdoingthing@blue_traveler Single payer would fail badly now, bc legacy costs http://www.bloombergview.com/articles/2014-12-23/vermonts-lessons-for-fans-of-singlepayer-health-care …
End of conversation
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. Banned in Sweden. SubGenius, Zhuangist, white-hat troll. Defrocked mathematician. Brain problems.