Peter Schiff

Why?

Yeah.

Well, it's like, what if you could buy car insurance that covered all your gas?

I mean, nobody expects their auto insurance to cover their gas or their oil changes or their tires.

You buy auto insurance in case you get a wreck and now your car is totaled.

You don't have the money.

Health insurance is supposed to be, I got cancer.

I got a brain tumor.

You're not supposed to have health insurance because you sprained your ankle, because you had a baby, because you got the flu.

Yeah, all of that stuff is supposed to be paid for out of pocket.

But the reason it's not is because the government created a perverse incentive for people to get their insurance from their employer.

Because if your employer gives you health insurance, there's no tax.

If they give you money to buy health insurance, then you have to pay taxes.

So now everybody gets their health insurance from their employer.

And now they have health insurance that pays for everything.

And so, you know, you go to a doctor sometimes and if they tell you you need to do something, ask what it costs.

They're like, who the hell knows?

Nobody knows what anything costs because nobody cares because nobody's paying for it.

The person that's paying for it isn't even in the room.

You have the patient and the doctor, and neither one of them knows what anything costs because you got some third party that's paying the bill.