- cross-posted to:
- business
- cross-posted to:
- business
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Private insurance companies have earned the public’s distrust. They routinely put profitability above their policyholders’ well-being. And a system of private health insurance provision also has higher administrative costs than a single-payer system, in which the government is the sole insurer.
But the avarice and inefficiencies of private insurers are not the sole — or even primary — reasons why vital medical services are often unaffordable and inaccessible in the United States. The bigger issue is that America’s health care providers — hospitals, physicians, and drug companies — charge much higher rates than their peers in other wealthy nations.
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A 90 Billion dollar profit is OK with you?
GTFO with that. Lmao
Neither UHC nor Anthem have anywhere near a 90 billion dollar net profit.
GTFO with that. Lmao