Whats so great a about private insurance?

This is an excellent article on the problems with private health insurance. In it Michael Hiltzik of the Los Angeles Times talks about how the insurance industries statement that most Americans are satisfied with their health insurance is misleading because few people really need to make extensive use of their insurance. The use of insurance follows the old 80%/20% rule, only 20% of people ever get really sick and make major use of their insurance, so they never see how bad it really is. As someone who has had a loved one in that 20%, I can attest to that fact that he is correct.