If health insurance really insured health, it would offer a small constant health loss in exchange for reducing the probability of a big health loss. For example, it would offer a constant low-level headache but take away the chance of heart attack.
In reality, health insurance constantly takes away a small amount of money and (hopefully) in return removes a big monetary loss which may result from healthcare costs in the case of a serious health problem. This is wealth insurance, not health insurance.