Although, I do wonder what effects there would be if a cancer cure-all were discovered.
Since nearly everyone would need the treatment at some point, it wouldn't really be insurance anymore; more like a mortgage.
Although, I do wonder what effects there would be if a cancer cure-all were discovered.
Since nearly everyone would need the treatment at some point, it wouldn't really be insurance anymore; more like a mortgage.
It's tautologically clear that it's not possible to do everything for everyone, i.e. a community 100% composed of doctors and nurses wouldn't be able to provide all the possible life-extending things (especially late in life/close to death) to everyone of themselves. So one way or another we need a process to decide where we stop, i.e. what life-extending things will not be provided to which people.
Of course, there's a major practical difference between in a process that takes/costs one day of labor and extends life expectancy by a year, and a process that takes/costs a year of labor and extends life expectancy by a day - but there's no conceptual difference, and we have options all along that scale to find where the tradeoff starts/stops making sense.