For a couple of decades, health insurance hasn’t been true insurance but instead has been a form of pre-paid medical care. When you subtracted the amount necessary to cover a potential catastrophic claim, and the amount necessary to process claims, the left over portion of your premium was usually somewhere around the average amount of services your cohort used. With all of the mandates that are now attached, that computation is meaningless. But, hey, we wouldn’t want to have Fluke’s friend pay for her own birth control would we? That’d be m-e-a-n.
You’re absolutely correct.
And the disconnect between payer and user has produced the expected results.