How would the elderly purchase insurance in a free market?

At Cafe Hayek, a reader asked Russ Roberts how the elderly would be able to purchase health insurance on a free market, one without Medicare or Medicaid. Tom’s question is interesting. But it’s the wrong question. And that Tom asks it and that everyone answered it is fascinating in and of itself. It’s the wrong question [...]

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Insurance companies buy risk

Something that has puzzled me  about the debate on health care reform is the framing of insurance companies as organizations that fund health care for their customers.  Advocates of the public option offer the idea that the government will be better able to to provide health care, as against the insurance companies, which have failed [...]

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