LogFAQs > #948455237

Of course privatized insurance is a scam. They are, by design, for profit and not for the welfare of people.

https://stanmed.stanford.edu/2017spring/how-health-insurance-changed-from-protecting-patients-to-seeking-profit.html

It is an idea that started out with good intentions (though still about manual labor costs) and worked better than the complete lack of any kind of care previously but it got corrupted by uncontrolled greed once those at the top realized how much money they could squeeze from it.