Health Insurance companies build in billions of dollars of profits into their billing and coverage formulas.
This simply means that billions of dollars paid for insurance every year goes not for healthcare, not for doctor bills, not for hospital bills, not for medicine; it goes into the insurance company executives pockets.
In addition to this you could pay hundreds of thousands of dollars into health insurance in your life time and never get a penny back.
You can also pay hundreds of thousands of dollars into health insurance and still go broke if you get sick.
After deductibles, caps and limits on coverage and providers you can still end up owing tens of thousands on a lengthy hospital stay.
Now enter Government Subsidies, Medicare, and Medicaid.
The big benefit for low to middle income families in theory in ObamaCare is the subsidy. A family earning $52,000 a year can get about a $1000 per month in subsidies. Now who pays these subsidies?? The Federal Government... Who pays the Federal Government?? The family who earns $52,000 a year and you and me.
Who makes the big profits??
The insurance companies.
We would be better off to eliminate the middle man.
We would save billions of dollars per year.