John Cole Via Eschaton:
Hell, I can’t, for the life of me, figure out what value the insurance companies add at all. Seems like all they do is skim money off the top, add layers of paperwork, and then screw people when they get a serious illness.
This is correct. More than that, most of “health insurance” isn’t really insurance at all, except for a bit of catastrophic insurance which they try to avoid paying out.
There really is no reason for them to exist.