Woman makes $420k by buying insurance on flights she predicted would get delayed

Re:Woman makes $420k by buying insurance on flights she pred... by specialist on Monday June 15, 2020 @10:08AM (#23527457)

You may be thinking of public goods, like healthcare, fire departments, etc.

I advocate government provided universal healthcare. That cost is just table stakes for a civil society.

Insurance is more properly relegated for elective decisions, where a person's interests are not (yet) universally shared, and they want to hedge their risks.

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Re:Woman makes $420k by buying insurance on flights she pred... by jen20 on Monday June 15, 2020 @10:33AM (#23527727)

This is perhaps a rather pedantic point, but do you really mean government _provided_ healthcare, or simply government _funded_ healthcare?

Very few countries have the former (the UK famously does), and many societies would be considered civil have the latter.

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Re:Woman makes $420k by buying insurance on flights she pred... by specialist on Monday June 15, 2020 @10:48AM (#23527884)

I'm ambivalent about the implementation, who signs the paycheck.

It's the government's job to lift the floor, set standards, drive progress. There's "no one size fits all."

We will always need room for innovation, experimentation.

Sometimes top down, like ratcheting performance standards. https://www.vox.com/energy-and-environment/2019/5/31/1864690...

Sometimes bottom up, like the neighborhood buurtzorg clinics in the Netherlands. https://en.wikipedia.org/wiki/Buurtzorg_Nederland

Because better is better.

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