/tags/markets/ Recent bookmarks tagged #markets Mon, 02 Nov 2026 08:24:58 +0000 http://krugman.blogs.nytimes.com/2009/07/25/why-markets-cant-cure-healthcare "This problem is made worse by the fact that actually paying for your health care is a loss from an insurers’ point of view — they actually refer to it as “medical costs.” This means both that insurers try to deny as many claims as possible, and that they try to avoid covering people who are actually likely to need care. Both of these strategies use a lot of resources, which is why private insurance has much higher administrative costs than single-payer systems. And since there’s a widespread sense that our fellow citizens should get the care we need — not everyone agrees, but most do — this means that private insurance basically spends a lot of money on socially destructive activities."<br/> <p><strong>Tags:</strong> #corruption #economics #health #healthcare #insurance #markets #medicine #politics</p> Tue, 28 Jul 2009 19:35:03 +0000 linkding-ssg:bookmark:12466 corruption economics health healthcare insurance markets medicine politics