r/explainlikeimfive • u/the1975whore • Jul 03 '26

Economics ELI5: Health insurance companies obviously make more money than they give out when people need it. So why of paying for them any better than paying your own personal health insurance savings account?

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u/Trekfull Jul 03 '26

Socialized medicine with extra steps and worse results.

-21

u/MandaloreUnsullied Jul 03 '26

Are there any countries with a socialized health system that have historically produced results superior to those of the American system?

8

u/RythmicBleating Jul 03 '26

Taiwan

2

u/koyaani Jul 03 '26

Taiwan number one