"The Premium for a Burning House Is the Price of the House"
Megan McArdle, whose columns and comment boards I so enjoy, is taking a sabbatical to work on a large project. She arranged for a handful of colleagues to cover for her; one posted today on the subject of the American healthcare system. It's a decent post, but my favorite part was a link to a couple of old articles, two of the best summaries I've found of the dumb things we do to ourselves under the name of the health insurance system. One is brief while the other is rather long, but very well worth reading from start to finish. Both make the essential distinction between insurance and prepaid medical care.