[custos]

Car insurance is not comparable to health insurance. It's apples to oranges. Car insurance reduces risk, by exchanging the cost of an unpredictable potentially costly event (an accident) for a regular much reduced cost event (monthly payment). The benefit is predictable expenses and budget.

Health insurance only works this way for the healthy. For the chronically ill, it's flat out cost reduction to have it and a profit loss for the insurer.

My insurance pays out more than I pay into it every year. I had one year it paid out ~$250k.

Unless we stop mandating care for the sick unable to pay for it, healthcare is socialized; it's just a matter of how efficiently socialized it is.

Insurance companies overcharge the healthy to make up for their losses with the chronically ill, and hospitals overcharge those who can pay to make up for their losses with those who can't.

Really just need to cut out the middle men.