Asymmetric Information and Health Insurance 

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Best explanation ❤ from india

Surely the way to overcome the problems of group health insurance is tying insurance to membership of a group that is more stable than working for a particular employer. An obvious choice would be citizenship (or residency): if health insurance is provided to everyone who is a citizen (or resident), the problem of losing insurance when you lose your job or retire is eliminated. What's more, since paying taxes is a requirement of citizenship (or residency), you can compel everyone to pay in a manner that is equitable, rather than forcing those can often least afford it (ie. sick people) to pay the most. This is why there is not a single successful private healthcare system in the world, whereas socialised health care is successful in numerous countries.

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Super good video! Glad I found you :)

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great video!!

great vid, thanks.

what is the link to the previous video about used cars?

now I see what Obamacare is about! thanks!

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El Telephono de bravo insurance

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I think the makers of this video do not understand how insurance actually works in terms of health care. There never used to be an over-regulated, managed healthcare system in the US--it used to only be catastrophic health insurance. For all other medical needs, one paid out of pocket. Like life insurance, the idea is to get a policy when you are young and healthy, and you contribute to a pool that over time is available to you if or when you do get sick. In the event of a very expensive operation that you might have to have, the risk is spread over all of the healthy people that have insurance. The ACA is attempting to force into the market what would happen if we had a truly free market in health care insurance, not the regulated and cartelized monstrosity we are faced with today. We don't need an ACA for life insurance, so we certainly don't need one for medical insurance. Insurance companies also invest their capital into the stock market. Their income stream is not just limited to underwriting income. This was not discussed in the video, either.

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yo theres me on the far left lol

#sneak100

Solution: Universal healthcare

I find this video a bit moot, since health insurance shouldn't exist anyway.