>>512150978
Modern medical insurance however is warped beyond recognition. From the notion of float and what the company does with its premium payments, the fact that the pool isn't reimbursed at the end of the period, and that the medical industries work with insurance companies to set massive prices that enrich both sides, the 'concept' of insurance as it relates to healthcare is pretty far beyond the moon in its present state.
Granted your original point remains, people don't understand risk pools and cooperative mitigation, but modern insurance companies also barely grasp this and are exploitative in the extreme.