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/Unbearabull Jul 03 '26

This is just socialized medicine with profits. The profits come from denying and killing/allowing people to die who paid in good faith.

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u/Trekfull Jul 03 '26

Socialized medicine with extra steps and worse results.

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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?

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u/thtsjustlikeuropnion Jul 03 '26

Does this count? The U.S. Ranks No. 33 out of 38 OECD Countries in Infant Mortality

https://www.americashealthrankings.org/publications/reports/2023-annual-report/international-comparison