Private versus Government Health Insurance: They Are Not the Same

Insurance is a market institution—i.e., it emerged through voluntary exchange aiming at satisfying the needs of the parties involved. Private health insurance should not be mistaken for public health insurance, which constitutes an element of a state’s social policy. They differ to such a great extent that one can even claim that the latter is a contradiction of the former. This essay will show the most notable differences between them.

Jasinski 2025

Łukasz Jasiński is an economist at the Mises Institute of Economic Education (Poland, Wroclaw) and assistant professo