I'm not sure what is going on here, but it isn't capitalism.
That's a pretty bad straw man argument. Of course you have to pick an insurer before the accident happens otherwise it's not insurance.
How about instead, we just fix people? And figure out the rest of the BS later?
But it is capitalism like it turns out in practice when the population fears "socialism" and caps on corporate greed.
"Crony capitalism is an economy in which businesses thrive not as a result of risk taken for them, but rather, as a return on money amassed through a nexus between a business class and the political class."
https://en.wikipedia.org/wiki/Crony_capitalism
(exactly what I explained in a separate comment on this thread :-))
Personally I think the word is overused and too heavily charged, and a more appropriate and descriptive term is corporatism.
I also agree with Chris Hedges and Sheldon Wolin that inverted totalitarianism is an apt definition.
According to the Princeton study of congress, we are also an oligarchy due to the public having almost no influence on legislation, meaning we are not being represented by our elected officials.
I would also argue with the increasing disparity of power and resources between the uber-rich and the rest of, and as the middle class is attacked from all sides and shrinks, that our system also matches the definition of neo-feudalism.
So, to put it all together, America has allowed itself to become a neo-feudal oligarchical corporate inverted totaltarian surveillance state.
If it's an oligarchical corporate state, then it would make sense that hospitals (companies) abuse of their regulatory capture (oligarchism) are exploiting the majority of people financially and otherwise (neo-fuedalism), largley by making them dependent or subservient to their systems.
How is that backwards?
That's what I am referring to. Instead of looking into some idealistic "political definitions" and say "according to this this system isn't capitalism", we should look into what's going on (in reality) and say "this is what capitalism looks like".
Else it's like those marxists, that instead of accepting that communism can result in a BS bureaucratic state, they said that USSR and co weren't "real communism/socialism", because they didn't match the theory, and that real communism hasn't been tried etc.
That's what I call going backwards. One has a definition, and compares reality against it.
Instead they should derive their definition from what happens in reality -- and maybe even accept that their idealistic definition can't ever happen anyway.
It's like some zoologist had a definition of animal X, and then matched it with various animals and said "this can't be X, because it doesn't match the definition". Well, if that X existed only in theory that's a bad practice. The definition of any X should come from studying actual animals (e.g. this animal species has so and so characteristics, we'll call them an X, e.g. tiger). So, where has this ideal "capitalism" even been seen in the wild?
I'm sorry but thats not how definitions work...
kleptocratic neo-feudal oligarchical corporate inverted totaltarian surveillance state