A screenshot of a months-old Reddit comment about the cost of cancer care spread across social media platforms.
Whether the original post is true or not, most of us know someone who has been wracked with medical expenses. I, myself, have had around $15K of uncovered medical expenses in the past few years, not counting the out-of-pocket limits before “benefits” kick in. I can afford this, if only barely. However, the larger and inescapable truth in this country is that the vast majority of us are one cancer diagnosis away from total financial ruin.
I still think that the right way to fix the health care industry in a “capitalistic” system is to regulate the health insurance industry the same way we do car insurance. But the health insurance companies aren’t going to allow themselves to be pressured by the market, and will make sure that Congress does not change the status quo. They are quite content to let the current system continue its decline until it becomes impossible NOT to nationalize it. In my estimation, Big Insurance (like Anthem, Centene, United, and Humana) are all jockeying to get a bigger slice of the pie when the government finally steps in and makes them a department of the Executive branch.