Ali Diab, the founder of Collective Health, was stuck with huge medical bills after spending several weeks in the ICU - despite the fact that he had health insurance. After the experience he founded Collective Health to help small companies self-insure and bring transparency to health insurance.
Insurance companies are notoriously unloved. But few of us hold as much contempt for the industry as Ali Diab. For Diab, insurance companies aren’t just opaque and overpriced bureaucracies, they’re “profiteering, morally hazardous middlemen” who will do anything to avoid following through on what we pay them to do: insure our health.