Insurance is a scam. Fiat banking in reverse.
The govt has done such horrific damage to the healthcare and insurance industries that there is an entirely alternative industry of “unapproved” medical professionals and “insurance as crowd funding” being built from the ground up simply to escape the leviathan of insurance/establishment insanity.
We won’t fix the idiocy it created, but in a sly roundabout way we will get honest, sensible care and disaster protection by avoiding their system altogether.
I have left it and will never look back. It’s little different than fiat vs bitcoin in my mind. Going back is so idiotic that I chuckle in horror at the thought of even entertaining it.
https://blossom.primal.net/efa6b37b09f083825990892047d6ab14e4f1d17209838dec0642f224908b97fc.mp4
Discussion
Insurance is NOT a scam
Publicly listed “insurance companies” are complete scams; go read Nick Szabo’s essay on this (Shelling out maybe?)
The creation of the company as a legal entity with capability to share risk and reward, occurred in the same timeline as insurance - the ability for a group to protect downside from long-tail risks - and together they unlocked more risk taking, and consequently great exploration and human flourishing
Where insurance stopped serving their core purpose was when they became public and the shareholders, rather than the policy holders, became the focus
Think about it .. no insurance company should EVER be publicly listed; it conflicts with, and undermines the core purpose
.. and so, arrive at the complete clusterfuck that publicly listed insurance companies now are