Healthcare, explained by someone who knows nothing about it

We’ve recreated the healthcare system by basically moving to a system of 3rd party payer, where people basically don’t have to pay for it themselves, because there's so many subsidies directly and indirectly built into the system that it breaks down all accountability from consumers.

These arrangements differ from the more common ‘fee-for-service’ model, in which the insurer is billed for each service rendered by the provider. Under this arrangement, the insurer is the one bearing nearly all financial risk.