It's even worse than that. Paying private insurance pays for other peoples' healthcare and the paychecks of MBAs and C-suite execs on top.

I genuinely don't understand how some people can't seem to grasp the business model here. For anyone to get any net value out of insurance, by definition, there has to be at minimum an equivalent number of people who pay in more than they would than if they didn't have insurance at all.

This doesn't change whether it's a government-funded single-payer system or a private corporation. The only thing that significantly changes when it is made a private corporation is it (theoretically) permits it to be nimbler to adapt to change by slicing out all the red tape a government-run entity would have, at the cost of shifting the focus from maximizing benefit to the public to profit-seeking that may incidentally also benefit the public from time to time as an occasional side effect.

Insurance isn't a magic subscription that pulls money out of thin air to pay for everyone's whatever as long as one is a member, it fundamentally comes from other people getting short-sticked. That is the whole point. You throw money into the abyss when you're doing well, in exchange the abyss won't swallow you whole when you're not doing well. That's the contract. If everyone who joined was entitled to more than they paid in, we'd call it a Ponzi scheme.

I'm sure you know all this, just venting a rant to no one in particular...