Health insurance at its core is very simple. You put money in, you go to doctor, insurance pay doctor. But in the USA, the insurance denies everything they possibly can. Money put in doesn’t ever see a doctor or your health costs, it goes right to the stockholders…
So why doesn’t someone just make a non-profit health insurance company where there’s no stock, no executives, just public servants and aggressive price negotiation where your medical bills are actually paid with the money put in?
It’s technically possible but it would take a truly massive sum of money to get off the ground, and nobody is going to put up the capital knowing they’re not going to get a return on that investment. People don’t get the kind of money required to do this by making decisions like that.
Where’s Mark Cuban when we need him