January 31, 2008 4:46PM

Market Prices ≈ Slavery ≈ Child Labor?

By Michael F. Cannon

That’s how Len Nichols of the New America Foundation described market prices for health insurance 41 minutes into this this webcast:

“We stopped child labor. We stopped slavery. We ought to stop extreme risk selection, too.”

I imagine more than a few actuaries and twentysomethings would be offended by the comparison.

Thanks to alert viewer Terry Holman for catching what I missed as I sat there listening to Nichols.

This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License.