Why the best American health insurance is a plane ticket
1 min readJul 3, 2020
Three more healthcare aphorisms, borne out of living in the Spanish, Italian and Latvian systems:
1. The best American health insurance is a plane ticket.
2. The American healthcare system is like the Argentine economy of the early 1980s as described by its finance minister: "the worst of both worlds, socialism with no planning and capitalism with no free market."
3. The most unlearned lesson in healthcare economics: Kenneth Arrow's Nobel prize winning article that proved medical markets are prone to failure due to information asymmetry. It's called the paper that launched a thousand studies--pointlessly since almost no American politician has ever read or learned from it.
