Economists argue that insurance health is not an apt model for the current
state of healthcare around the world. Unlike auto insurance, where all
parties are interested in keeping their vehicle safe and sound, preventative
medicine is the opposite. We want our newborns to have the hep-B shot at
birth. That isn’t an accident. And it’s due to this non-accidental context
that economists believe that the health insurance model is not appropriate
nor sustainable in the long term. Those that hold this view argue that
health insurance as a model is being employed as a leverage mechanism,
instead of actual insurance, and risk modeling being employed as ponzi
schematics instead of actual risks.