Minus the ‘and providers’ yes, you are correct.
If we fined insurers and providers $100 every time they over-billed, incorrectly denied care or misrepresented any amount of patient out of pocket, we could pay of the national debt
They play on the fear and information asymmetry that exists in healthcare
Break them up. Make them divest non insurance companies. And when we are done with the insurance companies , we go to the hospitals and then to the pharma wholesalers. Break em up. Make the markets efficient again.