The implosion is the fault of the stupid Democrat Congress and idiot President in 2009 that signed that disasterous bill that none of them even bothered to read before voting for it.
Now you have 46 nitwit Democrats joined by two Independents and three weak minded Republicans that refused to allow even minor impreovements to the bill.
The Democrats own this disaster lock, stock and barrel.
The issue is: US healthcare insurers directly or indirectly derive profit from 90+/- of healthcare providers who set the costs. ie; robbing Peter (you) to pay Paul (themselves) to pay Paul (themselves).
Well of course they make profits. If they weren't making profits then there would be no reason for them to be in business, would it?
The cost of private insurance should reflect the risk pool, amount of converge of an individual and the profits of the company making the insurance available.
I trust the private market and a profit incentive to provide a good health care product a whole lot more than I trust the filthy ass government bureaucrat whose boss is s corrupt politician elected by special interest groups. Do yiou really think some government weenie really gives a shit about you? If you do then you are dumber than a door knob.
An example of what I am talking about. My primary care physician use to have a practice with him, his nurse and a receptionist. He provided good services at a low cost. When that shitass Obamacare came along he had to join a physicians group with bigger overhead and more useless regulations that did nothing to improve health care. He has to charge a significant amount of more money for a visit. He hates Obamacare. That is government intervention for you. Single payer run by the corrupt and inefficient government will be ten times as bad. No thank you.