Hacker News new | past | comments | ask | show | jobs | submit login

One big non-profit player will drive all the prices down thanks to competition.

There is no reason for private insurance to be more expensive if they have non-profit competitor. If this competitor was to disappear, on the other hand, the costs would probably sky-rocket.




Or not, because the for profit businesses might be more efficient, since they have incentive to be.


This is popular wisdom but experience show the opposite: for profit insurance companies tend to be less efficient. I am not sure what the reason behind is.




Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: