 Noa says you want what do you say to people on the left who say the profit motive is counterproductive in the medical industry or fire department? Medical industry wants sick people in order to make money, etc. I mean, I find that utterly bizarre, right? So let's say that that were true. Let's say that in a free market there was this perverse incentive for doctors to keep their patients sick so that they keep coming to the doctor and And and and you as an entrepreneur identified this These doctors they keep keeping their patients sick so that they keep coming to them and the whole medical industry seems to be structured around Keeping being sick so they keep coming to them. Well, what would how would you? How would you make money off of that phenomenon? What kind of competitive product for example? Could you offer to undermine? That strategy and by the way, this is an illustration. I think in everything. There's always ways When there is what perceived to be kind of an inefficiency in the market or some something that creates Perverse incentives in a free market. How does that get dealt with? well, for example, I cut off on my medical services as pay me a fixed fee every month as long as you're healthy and I Will pick up all the costs when you get sick and then I'm an incentive to keep you healthy Because as long as you're healthy as long as you're healthy. I just reek in your monthly your monthly bill To bring it in or for example Maybe the doctor has an incentive I mean, I don't think any doctor really has this incentive But let's say the doctor has incentive to make you keep sick and let's say the hospital has an incentive to keep you sick who Pays the bills in a in a in a free market health care system So so one option is to flip the incentive on the doctor and create a What Jennifer's calling a health maintenance plan, right? And doctors do that and it's possible and there's no reason not to do that and the doctor could reassure against Catastrophe, I mean all kinds of ways in which you can make that market work But what's the other aspect of it? Let's keep our existing system where we only pay doctors when we get sick, but how do we make sure that the doctors don't keep us sick? What's called health insurance a health insurance companies have a strong incentive to Not pay out health insurance to make sure you don't get very very sick Because it's only when you get sick that the health insurance pays out particularly if if the if the health insurance is based on a What do you call it a catastrophic health insurance? Then that catastrophic health insurance has a huge incentive to try to prevent you from getting cancer It has a huge incentive to try to prevent you from getting heart disease to Educate you about the risks involved to maybe give you in a free market, right? To give you significant discounts if you wear an activity You know like a like a Apple watch or something like that and if the insurance company can monitor that you're actually Exercising and the more you exercise. I don't know based on a particular exercise regime You you your insurance costs are lower So that you encourage you to be healthy so that the insurance company offsets the incentive the doctor has to make you Supposedly sicker the insurance company has the incentive to make you healthier and and that's how that that's how it works So there are multiple mechanisms by which a market will result in you getting what you want As a consumer and what do you want as a consumer of health care is health care? What you want as a consumer of health care is Health And if that's what you want The market it will structure itself in a way to provide that and that's how markets work And I just gave you two examples of how that would work and there were a million of others and the reason it doesn't work today Is because of regulations quickly the same principle would work for fire department I'm not going to run through it now because I don't have the time but the same principle would run for fire department You know the insurance has as an incentive not to have fires even though the fire department supposedly have an incentive to Have fires because then they get paid when the fires out But these places they should it might even be that the insurance company owns the fire department And therefore the insurance company might own the fire department which would make it Which would make it Align all the incentives was the fire department and the insurance company have an incentive to minimize fires Therefore and minimize the cost of those fires. So insurance companies would own fire departments All right, that's just quick. That's just a quick answer. You could write a whole book probably about it Thank you for listening or watching the Iran book show if you'd like to support the show We make it as easy as possible for you to trade with me. You get value from listening. You get value from watching Show your appreciation. You can do that by going to Iran book show dot com slash support I go to patreon subscribe star locals and just making a appropriate contribution on any one of those any one of those channels also if you'd like to see the Iran book show grow Please consider Sharing our content and of course subscribe Press that little bell button right down there on YouTube so that you get announcement when we go live and for you Those of you who already subscribers and those of you who already supporters of the show Thank you. I very much appreciate it