Wednesday, August 12, 2009

Daily Show Interview with Austan Goolsbee

The Daily Show With Jon StewartMon - Thurs 11p / 10c
Austan Goolsbee
Daily Show
Full Episodes
Political HumorSpinal Tap Performance


Michael Ward said...

Monopoly Insurance Industry? Really?
At, 3,639 firms are classified as "Direct Health and Medical Insurance Carriers." I will agree that this industry has plenty of market imperfections but just when are there enough firms?

Will Luther said...

Arguably, we'd WANT fewer firms.

Insurance companies are in the business of spreading risk. The further any particular company can spread that risk, the cheaper they can offer the service.

You cannot have your cake and eat it too. Either the insurance market is too competitive or not competitive enough.