Health Insurance
Many people confuse Health Insurance with health care. Some even believe that the more they pay for health insurance, the better will be the health care.
It does not work that way. Health insurance does not insure good health care. Or any care at all, for that matter. A condition that does not become evident until the insured is in need of care. When that occurs it is not at all unusual to find that companies that overcharge for insurance underprovide with care.
That is because the first thing they insure is that they make a profit. When you don’t produce anything but promises to pay for future services provided by others, the only way you can make a profit is to take in more money than you pay out. That is what insurance companies do the best. They are not all scrooges, but when scrooginess is your most important product, you get scroogy behavior.