It’s because individual health insurance is basically just betting against the insurer on the insurer’s terms. The risk isn’t spread out and there’s no power to negotiate prices with the insurer or the providers. It’s like gambling on whether or not a 64 year old person will have a catastrophic injury costing hundreds of thousands of dollars in medical bills.
It’s because individual health insurance is basically just betting against the insurer on the insurer’s terms. The risk isn’t spread out and there’s no power to negotiate prices with the insurer or the providers. It’s like gambling on whether or not a 64 year old person will have a catastrophic injury costing hundreds of thousands of dollars in medical bills.