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The government is on the hook for the majority of the sickest (most expensive) people in our system. Private insurance companies take your money for the majorit
by rednerrus 6y ago
The government is on the hook for the majority of the sickest (most expensive) people in our system. Private insurance companies take your money for the majority of your healthy life and hand you off to the government as you move into your most expensive days. It's absolutely insane.
- noahtallen 6y agoPlus, they try their best to deny any expensive care which your doctor prescribes. It’s really a perverse system. There wouldn’t be nearly so many people advocating for public healthcare if the private system had any hint of respectability. Every provider is terrible value, has poor customer service, and goes their best to screw your over. The incentives are totally wrong. The incentive for an insurance company is “let me extract as much money as possible from my clients”. That’s completely at odds with providing quality care.
- CameronNemo 6y agoPrivatize gains, nationalize losses. One of the oldest plays in the book. It has been applied to resource extraction, service providers, psychoactive substances, and more. Somehow the public always ends up holding the bag.