Column: Health insurance companies are useless. Get rid of them

The truth is that private health insurers have contributed nothing of value to the American healthcare system. Instead, they have raised costs and created an entitled class of administrators and executives who are fighting for their livelihoods, using customers’ premium dollars to do so. Medxoom’s member operating system makes health plans with insurance companies more efficient, but really shines with narrow networks, direct provider contracts, cash discounts, and RBP plans.

From Los Angeles Times:

“The insurers’ success in making themselves seem essential accounts for the notion that Americans are so pleased with their private coverage that they’ll punish any politician who dares to take it away. But the American love affair with private insurance warrants close inspection.

Private insurers don’t do nearly as well as Medicare in holding down costs, in part because the more they pay hospitals and doctors, the more they can charge in premiums and the more money flows to their bottom lines.

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