blackangst1
Lifer
- Feb 23, 2005
- 22,902
- 2,359
- 126
CallMeJoe
Diamond Member
- Jul 30, 2004
- 6,938
- 5
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Which gives the health insurance industry a vested interest in escalating medical costs; the higher medical bills go, the more money the insurance companies make at the same rate of return.
This volume for profit motive also works to make insurance companies oppose wellness programs, which reduce profits by reducing costs. Our current American profit-oriented medical industry benefits from illness, not health.
It's nice you were able to include one relevant statement in that post!
Yea, that's what my friend tells me all the time. Can't remember how often he b*tched about that during his residency. Also says that's why a bag of saline costs people with insurance a crapload of money 'cause it has to subsidize all the money-losing ER operations.
Elias824
Golden Member
- Mar 13, 2007
- 1,100
- 0
- 76
so if health care is expensive isnt there more then one way to try to reduce the costs? A good chunk of this problem is due to our rather aged popuation, so in a few years it may not be as much as an issue anyways. Also insurance companies are still in competition with each other, in alot of ways these keeps costs down. If one company is a bunch of idiots and has a high overhead and charges to much, people will drop for someone else. Also why is it so EVIL to make a profit? It only seems wrong to me if your not providing any services or dropping people for no reason stuff like that.
What do we have here? American healthcare(with fifty million left out of the system) at 18% of GDP Vrs. European UHC at 9% GDP. American healthcare rated down in the thirties, European from one to ten. American insurance overhead 20%, Gov run Medicaid 2.8%? Why are people so worried about inefficient Medical insurance companies going out of business? Are they deeply invested in the propoganda fed them by the CORP. tit?
You mean published book. People just lie about having read it. I got to the three headed beast before I lost it! LOL
You mean $200 + $150/month.
Do you have magic beans that will quickly grow doctors, nurses, medical centers, and other infrastructure related to medicine? Just as easy as building iPhone factories huh?
They also negotiate pricing in bulk. Go try and work with a health provider for an individual rate cut for services and see what happens.
I am not going to deny we have some serious issues in our health industry. But puttng the blame on profit is simply ridiculous and a duhversion.
You don't deserve to use a dollar sign as an avatar. You have no concept of how business works. You say insurance companies pay 80 cents on the dollar, leaving them with 20 cent of every dollar they make to do things like, pay employee's, pay taxes, pay for utilities, pay for advertising, pay for infrastructure AND somehow post a profit for share holders.
The level of stupidity and hate in this country is mind numbing. No longer are we a nation divided by color or gender, we are a nation divided by wealth. Namely spite for the people that are better offer. It's indicative of the culture of the 21st century America. Lazy-ness. Most of those "Rich" people got there because they worked their asses off and took huge risks to get there.
Look at Bill Gates and Steve Jobs. Both started worls changing companies out of garages.
Elias824
Golden Member
- Mar 13, 2007
- 1,100
- 0
- 76
Well there realy is alot more numbers I think we have to look at here. Just because a big part of the GDP compared to Europe is in healthcare, that really dosent tell you a whole lot. Other then well its a big part of our economy. It might be because we are more sickly and obese, or just like or meds and plastic surgery.
The overhead for private insurance is higher then medicade but lower overhead isnt always better. What is the fraud rate of medicade vs. private insurance companies? How about the quality of care you can recive?
Everyone keeps arguing about the insurance companies being the "middle man" just taking a slice. But if we have a UHC your just making the govt be your middle man. Rather then having a bunch of smaller middle men in competition with one another.
Yes I am afraid of the insurance companies going out of business because it means we have to trust a few bureaucrats with our health and well being. We have to hope they make the correct decisions for us. Id rather make a wrong decision myself then have someone else do it for me. /Rant
Anyways im not really against a public solution, as long as it dosent cost 1.6T and destroy the private sector in the making. But my vote is we try things to actually help increase the amount of care available, I.e we make more iphones.
nobodyknows
Diamond Member
- Sep 28, 2008
- 5,474
- 0
- 0
And also the greatest strength. If everybody has healthcare then if they have money left over for a new iphone, more power to them.
theeedude
Lifer
- Feb 5, 2006
- 35,787
- 6,198
- 126
I don't want 20% of health care spending paying for this crap. None of it goes to provide health care to me.
your post is a prime example
Actually, the insurance industry is the prime sign of this lazyness. People want to get rich providing "financial products" shuffling money around and taking a cut instead of creating real value for consumers like Apple and Microsoft are doing.
Elias824
Golden Member
- Mar 13, 2007
- 1,100
- 0
- 76
yeah those lousy middle men, we should get rid of bank and credit card companies too, ill just make my payments straight to the people I owe it too. Who needs car dealships anyway they dont make any products they are just middle men jacking up the price. Not to mention retailers those evil people, they are making more money by doing nothing! /s
Its hard to spread risk when most people get pretty sick at some point or another. But that's why they look for pre-existing conditions & whatnot to avoid pooling together people with higher risk, and so the problem goes back to there is no incentive for insurance companies to cover everyone.
- Apr 15, 2007
- 9,280
- 0
- 0
So why should a company do its customers a disservice to insuring someone who has a preexisting condition?
Should a life insurance company be required to provide life insurance at affordable rates to someone with cancer that is terminal in 99.99% of cases?
Elias824
Golden Member
- Mar 13, 2007
- 1,100
- 0
- 76
This is probably the biggest flaw with private sector insurance, but do we really need UHC to fix that? maybe we could just toss out some new legislation to deal with that issue. Give tax breaks to companies that dont do that sort of thing, or just fine them if they do. Maybe we could have a public solution, but we dont need to destroy the private sector to do that. Think of Fedex, USPS, and UPS.
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