Ngl I’ve not met a person who calls others NPCs that hasn’t been a chud.
“Health insurance companies don’t get rich by denying payouts for claims. As the economics blogger Noah Smith points out, UnitedHealthcare’s net profit margin is just 6.11%, which is only about half of the average profit margin of companies in the S&P 500. If UnitedHealth Group decided to donate every single dollar of its profit to buying Americans more healthcare, it would only be able to pay for about 9.3% more healthcare than it’s already paying for.”
I don’t think comparing supposed healthcare assistance companies to the top 500 businesses in the US (whose main objective is making a profit) is the trump card you think it is…
“Does healthcare in the US cost more than it needs to? Sure. But, according to the Harvard economist David Cutler, who has written extensively about the US healthcare system, the main reason healthcare costs in the US are high is because of administrative inefficiencies. Insurance companies and organizations that deal with them, such as hospitals, have become bureaucratically bloated to administrate a wildly unstandardized healthcare system, and this bloat now accounts for one-third of every dollar spent on healthcare in the US.”
But what creates these administrative inefficiencies Gurwinder?? Could it be the bajillion of health insurance companies gunning to make a profit on people’s healthcare??
“The ultimate point here is that Brian Thompson was not the problem. He was a normal, flawed, guy trying to keep costs low both for his company and his policyholders, while keeping his fiduciary duty to shareholders, whose investment his company depended on.”
Oh no won’t somebody think of the shareholders 😭
If only there existed some simple care system where everyone pays into and can then have their medical needs met without the need for a fuckload of middlemen…
How can someone come this close and yet miss the mark so hard…
Ngl I’ve not met a person who calls others NPCs that hasn’t been a chud.
“Health insurance companies don’t get rich by denying payouts for claims. As the economics blogger Noah Smith points out, UnitedHealthcare’s net profit margin is just 6.11%, which is only about half of the average profit margin of companies in the S&P 500. If UnitedHealth Group decided to donate every single dollar of its profit to buying Americans more healthcare, it would only be able to pay for about 9.3% more healthcare than it’s already paying for.”
I don’t think comparing supposed healthcare assistance companies to the top 500 businesses in the US (whose main objective is making a profit) is the trump card you think it is…
“Does healthcare in the US cost more than it needs to? Sure. But, according to the Harvard economist David Cutler, who has written extensively about the US healthcare system, the main reason healthcare costs in the US are high is because of administrative inefficiencies. Insurance companies and organizations that deal with them, such as hospitals, have become bureaucratically bloated to administrate a wildly unstandardized healthcare system, and this bloat now accounts for one-third of every dollar spent on healthcare in the US.”
But what creates these administrative inefficiencies Gurwinder?? Could it be the bajillion of health insurance companies gunning to make a profit on people’s healthcare??
“The ultimate point here is that Brian Thompson was not the problem. He was a normal, flawed, guy trying to keep costs low both for his company and his policyholders, while keeping his fiduciary duty to shareholders, whose investment his company depended on.”
Oh no won’t somebody think of the shareholders 😭
If only there existed some simple care system where everyone pays into and can then have their medical needs met without the need for a fuckload of middlemen…
How can someone come this close and yet miss the mark so hard…