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A comment on The Hidden Cost of Privatization. Parent comment

Re:The Hidden Cost of Privatization by maxerickson on Wednesday June 14, 2017 @03:44PM (#14555474)
it's impossible for insurance to be anything other than a premium you pay on top of your healthcare costs.

And yet each year there are millions of people that receive medical services in excess of their insurance payments (including premiums, copays, etc).

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Re:The Hidden Cost of Privatization by antisthenes on Wednesday June 14, 2017 @04:06PM (#14555670)
Which doesn't invalidate what the parent comment in any way, because we're talking about the aggregate costs.

So what was your point?

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Re:The Hidden Cost of Privatization by maxerickson on Wednesday June 14, 2017 @04:10PM (#14555705)
The premium on top of aggregate cost complaint would also apply to "pure insurance". Or else no one would bother selling it.

Anyway, I'm pretty sure they were saying that insurance didn't work, which is manifestly untrue. If they are complaining that it makes healthcare more expensive, well fine, but that is probably more about the principal agent problem than the administrative costs and profits of insurers.

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