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Asymmetric information in the healthcare insurance market.
Member rating: No Rating | Words: | Submitted: Tue Oct 19 2004
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If you think your health insurance expenses are high now, just wait. A couple of weeks ago I did my grocery shopping at a local Vons that is conveniently within walking distance of my apartment. I was getting used to seeing a barren parking lot; chased away by the union thugs. Just when I was about to enter the store, a picketer stepped into my path and gruffly gave me an unlimatum to shop at Stater Brothers. I politely smiled and told the picketer "I came to shop here." These low skilled workers are fighting for their healthcare packages. Having worked on the actuaraial side of healthcare for the past few years, I empathize with the management. Vons employees aren't aware of what an amazing healthcare package they are blessed with. Grocery store union workers, before the strike, paid nothing for their copay and only $5 for a doctor visit/prescription...
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