US Health insurance industry had 1.1 TRILLION dollars in revenue last year. It’s market share is growing faster than the general economy, and faster than the finance and insurance sector. It is the largest industry in the financial and insurance sector, and the 5th largest industry in the entire country.
It is huge. It is entrenched. It is highly politically connected. It’s not going anywhere. And this money being siphoned off by this huge industry is one of the reasons Americans pay much more than other countries; your money is simply propping up this industry, doing a job that is done much more efficiently by many other countries.
