2min chapter

The Gray Area with Sean Illing cover image

Tyler Cowen on the painful end of American complacency

The Gray Area with Sean Illing

CHAPTER

Is There a Reason We Should Have Private Insurers?

The U.S. will probably evolve into a multiplicity of single payer systems, he says. But is there a reason we should have private insurers? Do they make something in the system better? Look at prescription drugs: They were covered by private insurance companies before they were covered by government. The United States has private insurance, it tolerates higher prices and finds more R&D than other countries.

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