4 ms·
Hospitals and their staff aren't the specific group that the system is designed to transfer wealth into. The health insurance industry is. https://naic.org/docu
by patrickyeon 6y ago
Hospitals and their staff aren't the specific group that the system is designed to transfer wealth into. The health insurance industry is. https://naic.org/documents/topic_insurance_industry_snapshots_2018_health_ins_ind_report.pdf https://naic.org/documents/topic_insurance_industry_snapshot...
- potiuper 6y agoHealth insurance profits are modest compared with other industries and are capped via 80/20.
- dcolkitt 6y agoThe entire profits of all the major private health insurers in America was under $25 billion in 2018.[1] That represents less than 1% of US healthcare expenditures at $3.6 trillion[2] If the healthcare system is designed to transfer as much wealth as possible to the health insurance industry, it's doing a really bad job at it. [1] https://naic.org/documents/topic_insurance_industry_snapshots_2018_health_ins_ind_report.pdf https://naic.org/documents/topic_insurance_industry_snapshot... [2] https://www.cms.gov/Research-Statistics-Data-and-Systems/Statistics-Trends-and-Reports/NationalHealthExpendData/NationalHealthAccountsHistorical https://www.cms.gov/Research-Statistics-Data-and-Systems/Sta...
- TeMPOraL 6y agoWell, it doesn't line the pockets of doctors either. I'd take a close look at every entity that sells something to a hospital. This is a problem I've seen in publicly-funded healthcare. Private companies will absolutely fleece the government on any kind of good or service that's being sold to healthcare. Drugs, scalpels, tissue paper, everything.