While correct, i wonder when the car insurers, home insurer CEOs etc will suffer the same fate. Answer: they won't. Because they provide a valuable service.
The problem is that healthcare insurance is no longer connected to the value of protection against accidents and extreme, unforseen situations.
Until and unless we recognize that medical insurance only turned into an all you can eat medical buffet in the last 70 years due to government intervention, we will be doomed to continue to bankrupt society with money transfers to captive markets dominated by AETNA, CIGNA, UHC , etc
Double check your home owner's coverage. Based on a conversation with my home insurer, when there is damage to my home, they will only pay out in cases where there I have clear evidence that damage was caused by a third party physically striking my property. Weather? No. Damage caused by incorrect installations? No. Damage caused by ground shaking from reckless construction next door? No. They would have to literally ram some piece of their equipment into my home for me to have grounds for a claim. In this situation, they're just a middle man for a lawyer taking up an easy civil case.
The problem is that healthcare insurance is no longer connected to the value of protection against accidents and extreme, unforseen situations.
Until and unless we recognize that medical insurance only turned into an all you can eat medical buffet in the last 70 years due to government intervention, we will be doomed to continue to bankrupt society with money transfers to captive markets dominated by AETNA, CIGNA, UHC , etc