Indeed insurance only exists at all because of limited information - if we could predict the future accurately there wouldn't be insurance
-
-
-
To paraphrase Chris Rock, we should call it incaseshit
End of conversation
New conversation -
-
-
not only is it not a perfect info market, there's more than a bit of extortion in health care. Your money or your life.
-
you can't shop for an ambulance service when you need one. Shop for an ER when you are having chest pain.
- Show replies
New conversation -
-
-
@rebeccastob unless you're in a universal care system. The amount of data is astronomical.Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
and health insurance is the most opaque of the insurance markets. Kenneth Arrow had a great paper on it in ~1962.
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
Trouble is that it's regulated by legislators who don't read the bills they vote on.
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.