The Problem - Insurance Companies
The insurance premium model ties the insurance companies’ profits as a proportion of your monthly premiums. This means that the more expensive coverage is for you, the more money the insurers make.
We see the effects of this in healthcare magnified to the extreme. They have allowed every possible inefficiency to creep in, as they all lead to higher monthly costs while protecting them from blame.
We need a better system that aligns interests as a core principle.