It basically does the same thinf as insurances do. It reduces risks for the individual. The benefit of this version is that it has a way smaller overhead than an insurance has.
Insurances have a risk for the company/state giving out the insurance. This entity also has to deal with the requests, has to check who really is sick and who just claims to be. They have to be constantly adapated to what is covered and what is not. You have to employ doctors, (re)verifying stuff, you need people giving support, you have to deal with constant complaints of why X is covered and Y is not. It can be abused.
Another side effect is that doing your own venture doesn't mean you end up on the street.
People finally REALLY have to care for their health and stuff, because for not being sick, being hurt or whatever you can use the money for something else.
People can do learn stuff on their own, while being able to live.
All that complex balancing governments, etc. have to deal with all the time is gone or at least way less.
So baasically it is the realization that all that stuff is complex, makes everyone hate the system and taxes and reduces freedom by implementing and fixing laws, staying up to date, etc.
This was tried in a couple of poorer countries (they had nothing to lose). Outcome was lower crime rate, an actual economy, lower unemplyment, etc.
It's most likely not the answer to all question and not perfect, but it has many, many benifits. As the article states the problem is the same as with democracy. There was a time when nearly everboy was like "My decision might be good, thought of one, but what about all the others?". And all in all it sounded like a really naive and stupid idea in the beginning. Now we all know that Democracy isn't perfect, but then what really is?
Insurances have a risk for the company/state giving out the insurance. This entity also has to deal with the requests, has to check who really is sick and who just claims to be. They have to be constantly adapated to what is covered and what is not. You have to employ doctors, (re)verifying stuff, you need people giving support, you have to deal with constant complaints of why X is covered and Y is not. It can be abused.
Another side effect is that doing your own venture doesn't mean you end up on the street.
People finally REALLY have to care for their health and stuff, because for not being sick, being hurt or whatever you can use the money for something else.
People can do learn stuff on their own, while being able to live.
All that complex balancing governments, etc. have to deal with all the time is gone or at least way less.
So baasically it is the realization that all that stuff is complex, makes everyone hate the system and taxes and reduces freedom by implementing and fixing laws, staying up to date, etc.
This was tried in a couple of poorer countries (they had nothing to lose). Outcome was lower crime rate, an actual economy, lower unemplyment, etc.
It's most likely not the answer to all question and not perfect, but it has many, many benifits. As the article states the problem is the same as with democracy. There was a time when nearly everboy was like "My decision might be good, thought of one, but what about all the others?". And all in all it sounded like a really naive and stupid idea in the beginning. Now we all know that Democracy isn't perfect, but then what really is?