Car insurance is relatively simple. I shop around, telling them how much coverage I want. They request my driving history, and give me a quote. At any time, I can shop around and change insurance policies without any problems. Once it’s time to collect payment, it’s a relatively simple matter. What makes health insurance so difficult, controlling, unreliable, and expensive? For example, with health insurance:
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Can only shop during a specific enrollment period
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Policies are so complex, the vast majority of the population can’t understand them
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It’s commonly provided in part by the employer because buying a policy otherwise is prohibitively expensive
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Insurance companies are notorious for denying payments
I think, from the perspective of the insurance companies, the risk is greater for insuring people’s health than their vehicles. Also, people’s lives are at stake, so it’s basically just a complicated extortion market. I don’t know I think all the pharma and healthcare industries should be nationalized and all the healthcare workers conscripted. Can’t be worse than what we have now.
It can always get worse
How is nationalized healthcare in one of the wealthiest countries in the world supposed to be worse than what we have now?