Are We Really That Gullible?
There’s an uncomfortable truth we need to confront: there’s essentially no difference between the way a health care business operates and the way a casino does. Both systems rely on similar principles of calculated odds to ensure their profitability, often at the expense of the people they serve.
Let’s start with casinos. They thrive because they’ve perfected the math. Slot machines and table games are designed to take a small but consistent percentage of patrons’ money—usually around 12%. The odds are meticulously calculated to ensure the house always wins in the long run. Every spin of the wheel and roll of the dice is engineered to keep the profits flowing.
Now consider health insurance companies. Their position is even stronger. If the odds start to favor the insured—for instance, due to new treatments or unexpected demographic trends—insurance companies can simply adjust premiums, modify coverage, or even deny care outright. Their actuaries have mastered the probabilities of how many people will develop serious illnesses like cancer or suffer a heart attack. Like casinos, they tilt the odds firmly in their favor to guarantee consistent profits.
Here’s the kicker: most developed nations have recognized that private health insurance is little more than a sophisticated racket. They’ve cut out the middleman and shifted to systems where the focus is on delivering care, not siphoning off profits. Why can’t Americans see this? Instead of enriching insurance companies, the money spent on premiums and administrative costs could be used directly to save lives.
The profits of health care corporations are staggering. That money—billions of dollars annually—represents resources that could provide treatments, fund hospitals, and improve public health. Yet we allow this system to persist, funneling wealth into the hands of shareholders instead of investing in the well-being of people.
It’s time to wake up. By eliminating the unnecessary middleman, we could create a fairer, more efficient health care system. Americans deserve better than a health care industry that operates like a casino, stacking the deck against those who need help the most.
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