Been saying this for a long time. Health insurance in US is a fraud. Obama just made it compulsory for everyone in US to be defrauded. Here's why: Assuming tha

Been saying this for a long time. Health insurance in US is a fraud. Obama just made it compulsory for everyone in US to be defrauded. Here's why: Assuming that the actual cost of heart surgery in US is 10x India cost, it'll cost ~$10k to $15k in US for a heart surgery. Now, a good health insurance premium, for a family of 4, easily costs upwards of $1k a month. People pay so much, because this fraud in US, shows the $100k figure, and those with good health insurance will be glad to see that they just have to pay their deductible (of $500 to $5k,based on their insurance). Basically, Americans think it costs 100x for a treatment/medicine, and pay 1x towards monthly premiums, while the actual cost if just 10x. In India, the cost probably is just 1x. Doctors/Hospitals in US lose because they have no pricing power. (Insurance company decides how much docs/hospital/group gets paid) Patients in US lose because the Insurance companies dictate who is covered for what. Insurance companies in US rejoice. note: I'm not an American, so this is purely a dispassionate comment on what a ripoff healthcare insurance in US is, and how it affects the list price for medical care and medicines.