Real catastrophic medical insurance caps how much you owe whereas the debt you accumulate from a doctor who was obligated to treat you is not capped. That debt follows you until you pay it off or declare bankruptcy like the 500,000 other Americans do each year.

To add insult to injury, we already spend $5000 per capita on our publicly funded healthcare system, which is enough to fund basic universal healthcare systems in other countries.

Let that sink in. We spend $11,000 per capita on healthcare per year. 45% is publicly funded with taxes and the other 55% is privately funded.

We’re already spending enough for TWO universal healthcare systems (for many countries), yet we have 500,000 filing for bankruptcy due to medical bills each year.

Based on what we’re spending, we can afford two systems: A socialist system that covers everyone and a private healthcare systems that provides world class treatments to anyone who can afford the insurance premiums.

Instead, we have two corrupt and dysfunctional systems, a lot of gaps, and a record number of people profiting off our dysfunction.