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by eru 5971 days ago
Shouldn't you be able to buy unemployment insurance privately? (Okay, I know that may be a market for lemons because of the information asymmetries.. And you can't let people starve who haven't bought their insurance.)
1 comments

I've read that was made illegal in the US.
Interesting. You mean private unemployment insurance? On what grounds?
Yes, private unemployment insurance. I don't know what the excuse was (this happened a long time ago), but the effect is obvious (governments are the only ones that offer it).

You can buy private disability insurance while the government offers the same thing through the Social Security Administration, but not private unemployment insurance in any form....

Interesting. What level of government banned the private unemployment insurance? I guess it was a federal law?