3 kinds of health insurance
“Hey there’s some low-probability, high-cost health problem that it’s crazy to try to prevent/prepare for on an individual basis, let’s contribute to a communal pool to deal with it when it comes up, maybe with some incentives to keep controllable risk factors down”
“Hey negotiating per product/service on every health maintenance transaction is kinda crazy making, how about I (or my patron) pay a flat monthly fee that cover all my basic needs and you handle the details?”
“I am foreseeably going to need more care as I get older or my disease progresses. Let’s make some sort of social / financial arrangement that leverages this, like I raise kids who will care for me or I give you investment money now and you pay my medical bills later.”
“most people don’t like the policy where we just let disabled people die, but disabled people can often cost tens of thousands of dollars a month or more to keep alive, and they rarely have the high incomes that would enable them to keep themselves alive”
Ozy, that’s not insurance, that’s charity.
However unfortunately… This.
