Armstrong's basic thesis is simple:
Health insurance as commonly “understood” is not true insurance. This is one of the significant causes of our current national misunderstanding of health care financing which underlines the importance of these educational efforts.But the details are important. He traces the transformation of insurance from simple risk pooling for rare-but-expensive events to the current dysfunctional system. And in the process also discusses some solutions to our current problems, such as Direct Primary Care.
(Read the full text of, "Why Health Insurance doesn't equal Health Care".)
