babies, right? because half of them are men, that s how the population of the world breaks down. when 100% of people have prostate cancer coverage, only 50% of them can potentially ever have cancer but as a result the insurance company knows that 50% will never claim for prostate cancer and 50% will never claim for maternity and everybody gets to pay a relatively low rate more to a single-payer system like canada s a rate the size of the shape of my head. zero. the other thing that s the shape of my head is the number of free market health insurance systems there are in the world. it s a fallacy. it simply doesn t work because as wendall can tell you, for-profit insurance companies exist for profit which means they will not willingly insure people who are high risk without some sort of offset. and the offset has to be a big pool or everybody or a bunch of not-sick people. so now when you carve out these essential health benefits, ten of them that you had on the screen there, for most
them can potentially ever have babies, right? because half of them are men, that s how the population of the world breaks down. when 100% of people have prostate cancer coverage, only 50of tm n poially ever have cancer but as a result the insurance company knows that 50% will never claim for prostate cancer and 50% will never claim for maternity and everybody gets to pay a relatively low rate more to a single-payer system like canada s a rate the size of the shape of my head. zero. the other thing that s the shape of my head is the number of free market health insurance systems there are in the world. it s a fallacy. it simply doesn t work because as wendall can tell you, for-profit insurance companies exist for profit which means they will not willingly insure people who are high risk without some sort of offset. and the offset has to be a big pool or everybody or a bunch of not-sick people. so now when you carve out these essential health benefits, ten of them that you had on the s
insurance markets. listen in. it s just one of those areas a free market doesn t work. it will work much better than it s working now under a complete government control of health care for goodness sake. so i want to point something out. out of all the developed countries in the world, the united states is the only one that doesn t have universal or single payor health care systems. there is no where on earth a free market health insurance system because this is what we call a market failure. you can t have a free market health care system because a for-profit health insurance company will never willingly insure a sick person. so that s a fallacy we re listening to that we want to get closer and closer to a free market system. there s a conversation that steve kornacki had yesterday with republican congressman chris collins in new york about restrictions to selling insurance across state lines. listen. the c.b.o. is not taking into account the huge difference it s
and i just immediately called in here and said can we get him to stay up late? always my pleasure, lawrence. a point you made having grown up in canada, knowing that system and looking at this from a global perspective was to the republicans has been simply show me one example somewhere in the world that is a free market health insurance/health care system. there is not on this planet, there is no actual free market health system. that s because no profit-making company would ever choose to willingly ensure a sick person or an old person. they just don t do it. the only way this works is as a risk pool. the only way to cover as many people as you can with a risk pool is to do what most modern countries have done and that is a single payor health care system or a fully mandated system, where it s not a penalty, everyone has to pay into it. it s the only way to get young, healthy people to pay into a system. eventually it evens out.