thanks for your response!
Two questions: how would the business model of an insurance company with higher premiums look? What would be the reasons for their higher premiums that would make consumers shop with them rather than people with lower premiums?
In regards to insolvency: are there any examples of the private market functioning in this way to protect against insolvency BEFORE government came into the picture. I have a feeling if I tell my friend how the private market could handle insolvency, he will say, "What makes you think this will happen? The private sector wasn't there to handle this before government stepped in to protect people against insolvency!"
blah blah blah, you know how it goes with people who love big government ;)
and thank you again for your response!
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