alt Hacker NewsHaving to spend thousands for insurance every year (even if you’re totally healthy) and not having it even be remotely effective, is not my definition of “prosperous”.
Having to spend thousands for insurance every year (even if you’re totally healthy) and not having it even be remotely effective, is not my definition of “prosperous”.
Individual insurers pay out tens of billions of dollars in claims every year, frequently have non-profitable years, and are the counterparty on pretty risky contracts.
There are lots of problems with our current approach to healthcare, but insurers aren’t charging you way more than the cost to counterparty on that contract should be.