Posnerian quote of the day:

Third-party payment is a pervasive feature of American medicine. Why
anyone should want health insurance other than “major medical”–that is,
insurance against catastrophic medical bills–is a great mystery, as is
the fact that Medicare subsidizes routine health care of
upper-middle-class people.

Dare I suggest that the solution to the great mystery is a combination of Hanson and Caplan?