Risky Business
Book description
An engaging and accessible examination of what ails insurance markets-and what to do about it-by three leading economists
Why is dental insurance so crummy? Why is pet insurance so expensive? Why does your auto insurer ask for your credit score? The answer to these questions lies in understanding how insurance…
Why read it?
1 author picked Risky Business as one of their favorite books. Why do they recommend it?
This book, by three eminent economists who themselves have advanced the theory of insurance markets, describes in non-technical terms exactly what its title promises, why insurance markets fail.
In other words, it describes why public intervention is necessary to make insurance function well. The public intervention can take many forms, ranging from subsidies to national health services, but no industrialized country leaves health insurance entirely to a private market.
From Joseph's list on the economics and history of American health insurance.
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