05-15-2016, 03:43 PM
Why do we have this excess insurance in the first place? Government. They froze wages during WWII, but in 1943 the War Labor Board rules wage freeze does not apply to fringe benefits, e.g. health insurance. This distortion continues to this day, and largely explains the bizarre lack of pricing in healthcare and excessive reliance on insurance.
OMG. Please read my above reply or this or anything about health insurance history. There is another way... free markets. I'm surprised you aren't familiar with it.
That would also happen to solve the "tech war", which doesn't seem to be a problem in other areas where things are more free market oriented and consumers can actually shop around and compare prices.