There is actually no reason for health insurance companies to exist out. One need not have to add value to everything they want. All the companies do is add layers of paperwork when people get severely ill. The sicker one gets the bigger one will have to fight with the insurance companies.
There was an incident wherein the person fighted with the insurance company till he died due to illness. Seeing this one can say that health insurance is a good idea but spreading out cost of health care would result into paying up of huge amount to the system even when the person is healthy which would lead to subsidizing of care if sick.
This problem arises with the introduction of profit motive, which skews up everything. This motive transforms insurance into a legalized protection racket which would make health insurance take a back seat to the profits. This is the reason why it would make more sense to make government do what amount needs to be controlled and minimized with the focus to provide care for needy.
There was an incident wherein the person fighted with the insurance company till he died due to illness. Seeing this one can say that health insurance is a good idea but spreading out cost of health care would result into paying up of huge amount to the system even when the person is healthy which would lead to subsidizing of care if sick.This problem arises with the introduction of profit motive, which skews up everything. This motive transforms insurance into a legalized protection racket which would make health insurance take a back seat to the profits. This is the reason why it would make more sense to make government do what amount needs to be controlled and minimized with the focus to provide care for needy.
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