That's not at all the purpose of having insurance. Essentially, in that world, you're just outsourcing the cost of estimating what to set aside to self-insure s

That's not at all the purpose of having insurance. Essentially, in that world, you're just outsourcing the cost of estimating what to set aside to self-insure so you know how much to save and when. Shared risk pools are exactly the original point of insurance. Now that insurance is a lucrative business, the point of insurance as described by those profiting from it will forever morph into whatever is most profitable. If the intent described were truly the case, explain Medicare and Medicaid.