Insurance only exists because it is propped up by government regulation. You are (practically speaking) forced to have insurance because the healthcare providers gouge their services.
They gouge their services because there is so much red tape that there is virtually no competition and they can get away with it. If you see what they bill individuals vs what they bill insurance companies, it's insane.
If we had anywhere near a free market, new providers who could do the same thing at 85% the overhead would spring up and eat their lunch.
Insurance only exists because it is propped up by government regulation. You are (practically speaking) forced to have insurance because the healthcare providers gouge their services.
They gouge their services because there is so much red tape that there is virtually no competition and they can get away with it. If you see what they bill individuals vs what they bill insurance companies, it's insane.
If we had anywhere near a free market, new providers who could do the same thing at 85% the overhead would spring up and eat their lunch.