The modern era has inherited two models of health insurance: the fee-for-service model and the HMO model. Neither is appropriate for the information age. In this article, John C. Goodman briefly outlines the type of insurance that would emerge if we rely on markets, rather than regulators, to solve our problems.
Source: Goodman, John C., Gerald Musgrave and Devon Herrick. Lives at Risk: Single-Payer National Health Insurance Around the World. Lanham,MD: Rowman & Littlefield Publishers, Inc. 2004.