To be fair, accidents and large health issues are relatively predictable in any population.
What makes health insurance particularly predatory, is the attempt to carve around segments of the population to make money in something that everyone needs.
Almost all accident insurance could be grouped under occupational and transportation related insurance. The remaining accident insurance would be insanely small across almost all segments of any population.
> accidents and large health issues are relatively predictable in any population.
Yes, which makes insurance feasible for such things to the extent that they are rare and unpredictable for particular individuals. (Note that many "large health issues" are not necessarily unpredictable for particular individuals.)
> What makes health insurance particularly predatory, is the attempt to carve around segments of the population to make money in something that everyone needs.
I think the biggest problem is what I said before, that what we call "health insurance" actually includes many things that are not insurance and should not be sold as insurance. If we remove the things that should not be insurance in the first place, I agree that what's left over should be feasible to handle using ordinary insurance practices as is done in other areas.
What makes health insurance particularly predatory, is the attempt to carve around segments of the population to make money in something that everyone needs.
Almost all accident insurance could be grouped under occupational and transportation related insurance. The remaining accident insurance would be insanely small across almost all segments of any population.