#213 How health insurance isn't really protection against a catastrophic illness but prepayment of routine healthcare consumption, leading to overconsumption of healthcare and over treatment by medical professionals that drive up costs. What would it take to reform the health insurance marketplace so it is more fair and functions more like life insurance or homeowners insurance. Show notes and links can be found here. Thanks to Circle Invest for sponsoring today's episode.For show notes and more information on this episode click here.[0:57] Why pay $20 for a doctor’s visit, when health insurance is $36,000 a year?[4:03] Digging into the fundamental flaw in health insurance[9:10] Why does health insurance pay for “routine maintenance” on our health?[13:20] The pros and cons of employer-based health insurance policies[19:35] Health insurance is a mess because it doesn’t primarily insure against a catastrophic health event[21:42] The current setup for health insurance limits healthcare choices and encourages overconsumption of services[24:50] Health insurance is an artificial market[27:00] The over-consumption drives the cost of health insurance[29:02] Here’s why you can’t figure out what medical procedures actually cost