Joe Rogan Slams Health Insurance: ‘It’s A Giant Money Machine’ That’s Not Focused On Making You Better

The U.S. health care system is broken – at least, that's the view of many Americans, including podcast host Joe Rogan. On his show, “The Joe Rogan Experience,” he and comedian Duncan Trussell recently discussed why they think health insurance companies care more about making money than helping people.

“It’s not really about making you better,” Rogan said. “Making you better is what they sell, but it’s about making more money.”

Don't Miss:

• ‘Scrolling To UBI' — Deloitte's #1 fastest-growing software company allows users to earn money on their phones. You can invest today for just $0.26/share with a $1000 minimum.
• The global games market is projected to generate $272B by the end of the year — for $0.55/share, this VC-backed startup with a 7M+ userbase gives investors easy access to this asset market.

The Problem With Health Insurance

For example, before you get some medical treatments, insurance companies require “preauthorizations” to approve what your doctor wants to do. While this is supposed to stop unnecessary tests, it often delays important care. Sometimes, this can even put patients' lives at risk.

See Also: Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing — you can become an investor for $0.80 per share today.

Physicians, meanwhile, are burdened with paperwork and administrative tasks to meet these requirements and many hire extra staff just to handle them, which raises costs even more. Eventually, the expenses are transferred to patients through increased insurance premiums.

UnitedHealthcare Under Fire

As The Hill reported, UnitedHealthcare (NYSE:UNH), the largest health insurance company in the U.S., covers over 50 million people – about 15% of Americans. In 2023, the company made over $16 billion in profit from $281 billion in revenue. While that's great for business, critics say it's bad for patients.

Trending: It’s no wonder Jeff Bezos holds over $70 million in art — this alternative asset has outpaced the S&P 500 since 1995, delivering an average annual return of 11.4%. Here’s how everyday investors are getting started.

Joe Rogan echoed these frustrations on his podcast, lamenting the high costs and unnecessary barriers to care. Trussell said you read about people being denied “really important medication, really important procedures” for so long. “It’s not really about making you better; it’s a giant money machine,” Rogan added.

Read Next: