In this excerpt from "Democracy Nerd," host Jefferson Smith speaks with Hannah Farber, history professor from Columbia University and author of "Underwriters of the United States: How Insurance Shaped the American Founding," discuss the failings of the Philadelphia Contributionship's non-profit insurance model, how private insurance companies increase profit the less consumers use their product, and how these two combine to make the case of the government as an insurer.
Watch the whole discussion here: https://www.youtube.com/watch?v=NijYbBGW6yk
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