Insurance is such a fiat scam. All the middle men it creates are rent-seeking by nature and the quality of the service not only becomes more expensive but worse. Direct payment, or value-for-value is ...
I used to think this, until I realized that insurance has to be a critical part of an AnCap society and it only seems fiat because of the currently extreme government involvement in the insurance market.
Without government, premiums would be much lower once government intervention is removed from say, healthcare and housing. Insurance costs are artificially high because of: burdensome regulations (limited competition, paperwork, middlemen), distorted asset prices (houses, mortgage market, money printing), direct government subsidy and corruption (Medicare, Medicaid), artificial restriction of healthcare providers (medical schools), etc.
Direct payment and V4V would definitely grow as a % share of the activity, relative to insurance, because again, all costs would be lower without government, making those models more attractive to some people.
Without government, premiums would be much lower once government intervention is removed from say, healthcare and housing. Insurance costs are artificially high because of: burdensome regulations (limited competition, paperwork, middlemen), distorted asset prices (houses, mortgage market, money printing), direct government subsidy and corruption (Medicare, Medicaid), artificial restriction of healthcare providers (medical schools), etc.
Direct payment and V4V would definitely grow as a % share of the activity, relative to insurance, because again, all costs would be lower without government, making those models more attractive to some people.
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