Cleared Hot Episode 391 - Chris Hamilton
Jun 16, 2025
Chris Hamilton, a finance expert with 15 years of experience, dives deep into how the healthcare system is financially burdening the middle class. He reveals how insurance brokers profit from soaring premiums and how the Affordable Care Act has led to a monopolized industry, leaving families with fewer choices and skyrocketing costs. With the average family paying $29k annually, he highlights how this money could be better spent on education, homes, and retirement—making healthcare an invisible thief of the American dream.
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Healthcare vs. Health Insurance
- Healthcare and health insurance are two separate systems often mistaken as one in the U.S.
- Health insurance mostly grew from employer-based models starting in the 1940s with tax benefits shaping the system.
Broker Incentives Misaligned
- Health insurance commissions and bonuses incentivize brokers to favor rising premiums over lowering costs.
- This misaligned incentive harms employers and individuals trying to manage health expenses.
Insurance Consolidation and Profit
- The Affordable Care Act caused consolidation in health insurers from 15-20 companies to just four.
- Insurance companies strive to increase premiums to maximize their capped 15% profit margin.
