Posner's Great Mystery
Posnerian quote of the day:
Third-party payment is a pervasive feature of American medicine. Why
anyone should want health insurance other than “major medical”–that is,
insurance against catastrophic medical bills–is a great mystery, as is
the fact that Medicare subsidizes routine health care of
upper-middle-class people.
Dare I suggest that the solution to the great mystery is a combination of Hanson and Caplan?
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