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I want to make sure I'm making this point. For my family plan, my employer and I pay a combined total of about $650 a month. If health insurance was such a ripoff, then instead of giving that $650 a month to the insurance company, I could save money by putting that $650 each month into an account, and paying for healthcare out of that account. That's called self-insuring. It's what is done when the insurance policy is a ripoff.
Very few individuals and companies choose to self-insure, and there is only one possible reason for that...it's cheaper to buy the insurance policy. That NECESSARILY means that the high costs are NOT driven by the insurance companies, but rather are driven by the underlying cost of what's being insured...in this case, the cost of healthcare. It's just impossible to reach any other conclusion.
Try doing without insurance for awhile, and you might see what a bargain insurance really is.
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