this post was submitted on 09 Oct 2024
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Insurance premiums aren't decided by my income. They are decided by my probability of needing the coverage offered. Therefore, if I am rich, I end up paying a smaller percentage of my income on insurance premiums for the same coverage compared to a poor person.
Single payer universal healthcare makes healthcare more expensive for rich people and cheaper for poor people. I'm not saying that's bad ofc.
This is true for any real insurance, but not health insurance. Health Insurance premiums are decided by your employer, someone who has no reason to even be involved. It's entirely based on how much "benefit" they think they need to give you compared to their peers.