In this essay, I start by suggesting that hardly anyone has health insurance.

The health coverage most Americans have is what I call “insulation,” not insurance. Rather than insuring them against risk, most families’ health plans insulate them from paying for most health care bills, large and small.

It touches on several themes from Crisis of Abundance. The essay leads off a new issue of Cato Unbound, so over the course of the next week or so you will see responses from other writers.