Carpe Diem quotes Thomas Sowell: If medical insurance simply covered risks-- which is what insurance is all about-- that would be far less expensive than covering completely predictable things like annual checkups. Far more people could afford medical insurance, thereby reducing the ranks of the uninsured. How the incentives create a political failure that gets labeled as market failure: But all the political incentives are for politicians to create mandates forcing insurance companies to cover an ever increasing range of treatments, and thereby forcing those who buy insurance to pay ever higher premiums to cover the costs of these mandates. That way, politicians can play Santa Claus and make insurance companies play Scrooge. It is great political theater.
Another visit with David Bergland and Sharon Ayres. They came and picked me up shortly before noon. We drove south of Tucson and toured the Titan Missle Museum , which, as the name suggests, is an old nuclear missle silo from the Cold War, complete with a missle inside. It was a great tour, and another good visit with David and Sharon. Stopped and had something to eat at a Carl's Jr's on the way back, and they printed out their boarding passes at our house, and then were on their way.
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