[laterium]

How do you address adverse selection then? There's no private insurance where you don't address adverse selection. Either you force everyone to have coverage: ie car insurance in US or universal health insurance systems or you force them to get insured in groups (US employer based insurance), or you accept outrageously expensive rates for it.

Healthcare already being expensive doesn't make it amenable to that last option unlike insuring your laptop where you might be okay paying 2-5x the expected loss for peace of mind. Criticizing the method of addressing adverse selection is fine, but not the existence of it. You need something. There's no such thing as completely free market of health insurance. Any economist can easily explain this to you.