>The purpose of health insurance is not to
>provide or 'buy' health care; it's to finance health
>care in a manner that improves individual
>economic well-being. In other words, it's
>a way to share risks and smooth out expenditures.
It's also a way to feel safer, less at risk of insolvency if you get sick. People who don't have health insurance are a bit anxious about it, no? I thought even bourgeois economists gave some weight to the value of subjective wellbeing.
Doug