Health Care is Not Health Insurance

by

One of the biggest pet peeves of mine is people who conflate “health care” with “health insurance”.

If you are healthy, and are worried that you might contract some expensive disease, you need health insurance. This will cover future expenses related to some unforeseen disease that you are unlikely to get. It is, in short, the opposite of gambling. You are basically aggregating the risk of getting sick with a lot of other people, with the agreement that those who have some bad event will get covered.

If you are diagnosed with a bad disease, what you need is health care. Obviously, health insurance should cover that health care for you if you did not already have that disease before you bought insurance.

In today’s medical industry, we have conflated the two concepts. We don’t need insurance for people who are already sick. We need doctors, we need hospitals, we need nurses and technicians and machines and medicines.

Ideally, health insurance would simply pay out a lump sum when you get diagnosed with a disease. They would run calculations to figure out how likely you are to get a disease, and if you end up with that disease, they write you a check. You would then use that money to pay for health care to treat that disease for the rest of your life.

Now, to address people today who have already been diagnosed with bad diseases and are looking for health insurance, let me explain what you really, really want more than anything else in the world: You want the best medical care for the lowest price possible.

Thus, you really want a free-market solution for health care, since the free market and capitalism has been proven time and again to drive down costs and increase quality.

For those of you who are healthy but worry about what would happen if you got sick, you need health insurance, and you want it at the lowest price possible with the highest coverage. So you, too, need a free market and capitalism, which are proven to bring the lowest priced goods at the highest quality to the largest number of people.

The combination of free market health care and free market health insurance would be the ultimate ideal. Not only would you get the benefits of free markets for those industries in isolation, but the fact that medical care is cheap and abundant would mean you don’t need as much insurance coverage.

We live in a world today where free market goods are readily available to even the poorest among us. It is the brutal and condescending regulations of government bureaucrats that is causing health care costs to go up and health care quality to go down, along with the problems in the health insurance industry. Keep that in mind, and look for a free market solution, even if you are sick right now.

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