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https://finance.yahoo.com/quote/UNH/financials?p=UNH https://finance.yahoo.com/quote/UNH/financials?p=UNH $201B last year, from one insurance company alone. Th
by mbesto 8y ago
https://finance.yahoo.com/quote/UNH/financials?p=UNH https://finance.yahoo.com/quote/UNH/financials?p=UNH
$201B last year, from one insurance company alone. That's how much money flows through just ONE healthcare insurance carrier in the US. JUST ONE.
For the technical crowd out here, Amazon did $177B last year in sales. Americans are spending more money on healthcare insurance on the largest healthcare insurer than they spend on retail from the largest retailer in the US.
The difference?
Amazon:
- I can freely decide to use them or not. I'm not penalized if I don't
- I know exactly how much something is going to cost and can shop around online (at competitors even)
UHC:
- If I chose a doctor out of network, I get penalized
- I have no idea what the pricing is and it can change at any moments notice