January 31, 2008 4:46PM 

# Market Prices ≈ Slavery ≈ Child Labor? 

By [Michael F. Cannon](https://www.cato.org/people/michael-f-cannon) 

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That’s how Len Nichols of the New America Foundation described market prices for health insurance 41 minutes into this [this webcast](http://www.kaisernetwork.org/health_cast/hcast_index.cfm?display=detail&hc=2486):

> “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.

##### Related Tags 

[General](https://www.cato.org/general), [Health Care](https://www.cato.org/health-care), [Regulation](https://www.cato.org/regulatory-studies) 

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