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How can it both be unprofitable to treat people near the end of their lives yet also wipe out a lifetime of savings? If end of life care transfers the life savi
by Andre_Wanglin 8y ago
How can it both be unprofitable to treat people near the end of their lives yet also wipe out a lifetime of savings? If end of life care transfers the life savings of the elderly to the providers, that sounds quite profitable. Why shouldn't the elderly pay for these services? They have most of the money! And the dying have the least use for it whereas the young (whom you would tax for these services) have plenty of life and obligations yet to pay for. How is taxing the poor to pay for the healthcare of the rich moral?
- sykh 8y agoHow can it both be unprofitable to treat people near the end of their lives yet also wipe out a lifetime of savings? It's unprofitable for an insurance company to insure someone near death and still provide a decent level of services. It's why there used to be pre-existing condition exclusions and why health insurance companies like Aetna went out of their way to try to deny claims. Also, if the expense of coverage is greater than the amount of money a person has then it won't be profitable to treat them whilst still bankrupting the person.
- cfadvan 8y agoI doubt that people actually doing this are concerned with the morality of it, just the profitability. It’s not moral, but it’s easy, because they’re old and dying and desperate. I don’t think there’s more to it than the usual greed and expediency.