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Can anyone name any usefull innovation that has come from private health INSURANCE in the past 100 years?

Not private hospitals/drug manufacturers - those are arguable - just insurance. What do they contribute?

They got bailed out in Covid, they take money out of the system in good times, they deny you care in the bad times.

Best I can tell they serve no usefull function



Capitalism is all about rent seeking and having middle men that contribute nothing where they only exist to suck money and resources out of the system


My dad used to tell me there are 2 types of jobs, jobs where you use your hands or intellect to make something more valuable from less expensive constituent parts, and jobs where you skim off the top of people doing #1




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