3 ms·

Who pays for insurance? (Hint: its you and me, buddy.)

• cmdrfred 10y ago
  A lot of those costs are taken indirectly via suppressed wages as many people get insurance via employment. It seems to me that a great deal of effort goes into hiding the costs of services and products from those who are paying them in this market.
• zulln 10y ago
  Yes, but the point is if regular people was faced directly with the cost people would be angry, when hidden by insurance cost it is not made as clear. You expect the masses to think one step further, which will not happen on enough scale.
• therpe1 10y ago
  Um, no, the tax payers pay for it through Medicaid. People seem to have very strange ideas about how the healthcare industry actually works. But it's not a secret, you can go look at their SEC filings and see the numbers in black and white. Most insurance companies are enjoying record profits because of ever-expanding government funded health programs like Medicare [1]. This is just a fact. Now combine the "limitless pockets" of the Federal government with the total lack of price controls and you get exactly what you would expect in the USA -- prices going straight to the moon. I very much expect this is not going to change any time soon. There is no political desire or will to limit Medicaid and/or institute price controls. This makes investing in health insurers very lucrative. The industry has been enjoying record profits since 2009 [2] and this will continue until the American public learns to do math... [1] https://www.healthinsurance.org/blog/2016/03/01/no-obamacare-isnt-killing-the-insurance-industry/ https://www.healthinsurance.org/blog/2016/03/01/no-obamacare... [2] https://www.consumeraffairs.com/news/health-insurance-industry-rakes-in-billions-while-blaming-obamacare-for-losses-110116.html https://www.consumeraffairs.com/news/health-insurance-indust...