tag:blogger.com,1999:blog-3456948.post3473551126000420073..comments2024-01-17T23:23:29.732-06:00Comments on Jacob T. Levy: Unknownnoreply@blogger.comBlogger1125tag:blogger.com,1999:blog-3456948.post-28993550748487932302010-03-23T10:27:40.355-05:002010-03-23T10:27:40.355-05:00Nice point with the utilities comparison. But the...Nice point with the utilities comparison. But the advantage that you cite--the ability to access private capital--is not applicable to health insurance, a much less capital-intensive service. I see no real justification for private health insurance at all--it looks like the worst sort of PPP, with public money going to a completely useless and wasteful middle-man.<br /><br />The unappealing aspects that you cite also strike me as being appealing with regard to health insurance--innovation is generally a bad thing in health insurance. (It is like innovation in finance. In the 2008 debacle, we Burkeans were finally shown to be sensible.)<br />And competition among insurers is not really a good either--in the big picture, it doesn't lead to efficiency, but simply leads to more administrative waste (think of how much Canadians save by not having to advertise their health insurance programme). <br /><br />PS: I enjoy your blog very much.Anonymousnoreply@blogger.com