THE CONSUMERIZATION OF HEALTHCARE

Summary from the TLDR Founders newsletter

People in the US pay far more for far worse coverage and lower life expectancy. However, the system is functioning exactly as it was designed. The employer-based system started as a way for employers to attract workers after a wage freeze in World War II. It became a system where employers gained significant tax benefits for buying healthcare on behalf of their employees over decades of layered rules. Healthcare is a super-regulated market, and it is intimidating for founders.