Source: Washington Post
by David Goldhill
“Consider this: Health insurance is a product so terrible that few Americans voluntarily buy it without receiving a sizable subsidy. ‘No one would design a system like the one we have. And no one did,’ UnitedHealth Group CEO Andrew Witty wrote this month. ‘It’s a patchwork built over decades.’ Today, insurers are accused of pushing up prices for medical care and then denying legitimate claims. Their leaders are said to be greedy or incompetent. In reality, we have a more fundamental problem: Health insurance can no longer pay for or manage modern health care, and the patchwork that Witty described is not fixable. It makes no sense to try.” (12/26/24)