In light of reports, they are seeking increases above 5%, it is worth remembering that private health insurance is a terrible way to deliver good health outcomes.
You can’t say public policy is always worse in America, but aside from how they conduct elections, the one policy the US does worse than anywhere else is healthcare.
Among OECD nations, the US spends the most on health and as a reward they have one of the worst life expectancies:
There are several reasons why they have this outcome – from structural racism to the serious lack of economic safety nets such as decent minimum wages – but the chief reason is their healthcare overly relies on private insurance in a manner unlike most other nations.
Although the introduction of the Affordable Care Act has shifted some private health insurance from voluntary to compulsory, the nation still massively relies on a system designed to profit from people’s ill heath:
My oma would read me Aesop’s fables as a child because she believed stories should always teach you something. And that something was always easier to learn through the lessons of someone else.
