Can we all just agree that America's private insurance company led healthcare system is absurdly expensive, and yields worse healthcare results, in comparison to European nation's government regulated universal healthcare?
The reason it's expensive is because it has unnecessary operations, and again, I'm pointing out the billing industry as one of them.
We can also transition back to non-profit health insurance...which was the case prior to the early 70s. All health insurance was non-profit until the Nixon administration. That's not a "bad thing"...there are non-profit (mutual) home and auto insurance companies that are doing very well.
But that would merely be a transition or an adjunct to health care, because the real problem with health care "insurance" is that it is not and cannot be true "insurance."
The cost of true insurance is a matter of spreading the cost of dealing with an
unlikely catastrophe. For instance, it would cost about $700,000, all told, to replace my house if it burned down tonight. That's very unlikely because I take careful steps to prevent my house from burning down.
But I don't have $700,000 in my checking account. Truth is, I will
never have $700,000 in my checking account. But I can pay a couple of hundred dollars a month to a company that will step in and pay that $700,000 in the unlikely event my house does burn down tonight. So, they get $200 this month, and I get another month of not worrying about sleeping under a bridge if my house burns down. And they're getting $200 a month from thousands of people, paying out $700,000 relatively rarely. It's a win for them, and it's a win for me if I consider a month of peace of mind worth $200.
Health insurance can't operate that way because I
know I'm going to have medical bills
every month (my wife and I being old). Medical bills are not unlikely catastrophes.
What we call "health insurance" is really kind of a Frankenstein group purchase plan, like Cosco or Sam's Club, except with a whole lot of middlemen collecting their take between the shelves and the cash registers.
Health insurance can function as real insurance at the catastrophic end. Catastrophic events do exist for health. There are genuine catastrophes like ICU stays, cancer treatments, and Transplants. The problem is: the U.S. system bundles catastrophic coverage with routine prepayment, turning everything into an expensive hybrid.