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That's a good point, but not the only reason. The insurance industry extracts a big profit margin by just moving money from one risk pool to another, and that p
by titzer 9y ago
That's a good point, but not the only reason. The insurance industry extracts a big profit margin by just moving money from one risk pool to another, and that profit has to come from somewhere, so, costs go up. It's inevitable.
- travoc 9y agoU.S. health insurers have an average profit rate of 3.1%. Does that sound massive to you?
- titzer 9y agoThat's their profit. We are all paying for their operating costs as well.
- beguiledfoil 9y agoThe whole healthcare provider<->insurer interface is hugely expensive. http://www.commonwealthfund.org/publications/in-the-literature/2014/sep/hospital-administrative-costs http://www.commonwealthfund.org/publications/in-the-literatu...
- falsedan 9y agoThat's the same as Amazon's!
- malnourish 9y agoShould healthcare be a for-profit venture?