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H.R. 15, The National Health Insurance Act

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Simple Economics

Health Insurance is actually a bad investment. The insurance company needs to make money, so everybody with insurance is going to lose money over the long haul.

Friedman

Wow, "Simple" - more like Simpleton. Insurance is a contract that spreads the risk of unexpected health conditions. Should you be lucky enough not to have an illness or injury, you don't "lose money" because you carried insurance. You got the protection against catastrophic financial loss. And what do you think happens when the government pays for health insurance out of taxes? That's when everybody loses money.

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