The entire profits of all the major private health insurers in America was under $25 billion in 2018.[1] That represents less than 1% of US healthcare expenditu

The entire profits of all the major private health insurers in America was under $25 billion in 2018.[1] That represents less than 1% of US healthcare expenditures at $3.6 trillion[2] If the healthcare system is designed to transfer as much wealth as possible to the health insurance industry, it's doing a really bad job at it. [1] https://naic.org/documents/topic_insurance_industry_snapshots_2018_health_ins_ind_report.pdf https://naic.org/documents/topic_insurance_industry_snapshot... [2] https://www.cms.gov/Research-Statistics-Data-and-Systems/Statistics-Trends-and-Reports/NationalHealthExpendData/NationalHealthAccountsHistorical https://www.cms.gov/Research-Statistics-Data-and-Systems/Sta...