The Modern Health Care Maze: Development and Effects of the Four-Party System
Ronald F. White, Charles Kroncke

Despite numerous federal interventions that have favored health care providers and insurers, the industry has yet to figure out how to overcome the problems of adverse selection, moral hazard, information asymmetry, and free-ridership. Did it ever make sense to create a health care system in which fourth-party employers purchase insurance for their first-party employees from third-party corporations, which in turn pay second-party providers for health care products and services?

Groupthink in Academia: Majoritarian Departmental Politics and the Professional Pyramid
Daniel B. Klein, Charlotta Stern

Although academia differs from the settings explored by group think theorists, it exhibits many of the same tendencies and failings. One result is the relative absence of classical-liberal and conservative viewpoints among humanities and social sciences professors, especially in the more elite departments.

Health Insurance Before the Welfare State: The Destruction of Self-Help by State Intervention
Pavel Chalupníček, Luká Dvořák

Fraternal organizations and friendly societies provided health insurance for hundreds of thousands of Americans and Britons before the surge of the welfare state. Their rapid disappearance underscores the fragility of voluntary institutions when challenged by government power.

Property Insurance for Coastal Residents: Governments’ “Ill Wind”
James R. Rinehart, Jeffrey J. Pompe

Federally and state subsidized flood and wind insurance have encouraged overbuilding in coastal zones, thereby worsening the economic destructiveness of hurricanes and severe storms. Governments should stop subsidizing activity in hazardous areas and instead allow the market for coastal property insurance to encourage individuals to exercise greater caution by building sturdier buildings and moving farther from the coast.