You know what’s really insane? Before the ACA was passed, there was no federal requirement for how much insurance companies had to pay out on healthcare costs. The ACA set a minimum of 85%, so no less than 85% of premiums has to actually go toward paying for medical services.
Before that, they could literally just pocket 75 cents for every premium dollar if they wanted to with zero legal repercussions. I guarantee we’d be on our way there if the ACA were never passed.
For-profit health insurance should be illegal. Same thing with for-profit hospitals. I’ve read stories about doctors whose hospitals were bought by for-profits or VCs and turned into patient mills where they’re forced to push unnecessary elective surgeries and provide the bare minimum of care to maximize profits.
A healthy population is good for society and it should be something we invest in. We shouldn’t make a business out of someone getting sick, and then another business out of charging then exorbitant amounts of money for getting treatment, and then ANOTHER business to harass them because they can’t pay that exorbitant amount.
This may help
https://youtu.be/24ib5pMkprY?t=95