Insurance as a Prisoners' Dilemma, Bryan Caplan | EconLog | Library of Economics and Liberty

When the secretary informed me that, "Insurance doesn't cover this treatment," I was positively delighted.

Why, you ask? It's not envy - I don't mind if other people have better insurance than I do. The reason for my delight: As soon as she said that no insurance companies covered this treatment, I knew it would be reasonably priced!

via Insurance as a Prisoners' Dilemma, Bryan Caplan | EconLog | Library of Economics and Liberty.