The author argues that the concept of insurance, especially health insurance, has become a breeding ground for problems in the US, leading to frustration and financial struggles for individuals. The US healthcare system, managed by private companies, has resulted in subpar care, high prices, and difficulty in getting necessary medical treatments. Despite spending 17.3% of its GDP on healthcare, the US fares poorly in terms of infant mortality and maternal mortality rates, even lagging behind some Indian states.
The author suggests that the private insurance model, although lucrative for business and political elites, is problematic. It perpetuates misconceptions about individual freedom of choice and creates a trap where it’s difficult to transition to a more publicly funded healthcare system. Instead, the US has tried to reform the system repeatedly, but private insurance interests have hindered progress.
The author also highlights India’s experience, where socialized healthcare infrastructure has been developed, although there are still challenges. They express concern that politicians in India may be persuaded to move away from a socialized model and toward a US-style system that prioritizes profits over public welfare. The author calls for introspection and a course correction, advocating for a public-funded healthcare system that puts the needs of patients and society above profits.