If you want to regulate it the point where it's just socialized healthcare with extra steps, sure.
The fundamental problem with insurance as a concept, is that their entire business model is structured around not providing the service you pay for. By design they want to payout as little as possible to the insured, otherwise their model falls apart. That's not limited to health, that's insurance in general.
In the health industry that means they are incentivised to pay for as little actual healthcare as possible. In the last they balanced risk by just simply not covering certain people. Essentially excluding segments of the population from quality healthcare to keep it affordable for the relatively healthy segment.
Post Obamacare they can no longer deny coverage for preexisting conditions. In order for this to work in a profit driven structure, that means either the government had to massively subsidize the industry, mandate everyone get insurance so healthy people can help offset the cost of the unhealthy, or the insurance companies have to raise their prices. Thanks to the slashes made to Obamacare we ended up with a pretty shitty version that had elements of all three.
It's an utter waste, and entirely inefficient. At best the insurance companies are just a middle man between the government and healthcare providers and add a shitload of red tape. What's covered, what's not, who's in network and who's not, premiums, deductibles, max spends... And all that gets duplicated three times since medical dental and vision are all separate.
The system could be massively simplified if absorbed by the government. Taxes pay into a large fund to pay for healthcare. You get sick you go to whatever Doctor you want. End of story. Obviously it won't be that simple, but we can eliminate huge swathes of red tape and bs.
The fundamental problem with insurance as a concept, is that their entire business model is structured around not providing the service you pay for. By design they want to payout as little as possible to the insured, otherwise their model falls apart. That's not limited to health, that's insurance in general.
In the health industry that means they are incentivised to pay for as little actual healthcare as possible. In the last they balanced risk by just simply not covering certain people. Essentially excluding segments of the population from quality healthcare to keep it affordable for the relatively healthy segment.
Post Obamacare they can no longer deny coverage for preexisting conditions. In order for this to work in a profit driven structure, that means either the government had to massively subsidize the industry, mandate everyone get insurance so healthy people can help offset the cost of the unhealthy, or the insurance companies have to raise their prices. Thanks to the slashes made to Obamacare we ended up with a pretty shitty version that had elements of all three.
It's an utter waste, and entirely inefficient. At best the insurance companies are just a middle man between the government and healthcare providers and add a shitload of red tape. What's covered, what's not, who's in network and who's not, premiums, deductibles, max spends... And all that gets duplicated three times since medical dental and vision are all separate.
The system could be massively simplified if absorbed by the government. Taxes pay into a large fund to pay for healthcare. You get sick you go to whatever Doctor you want. End of story. Obviously it won't be that simple, but we can eliminate huge swathes of red tape and bs.