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Isn't insurance also paying for other people's health care?
by expliced 5y ago
Isn't insurance also paying for other people's health care?
- gambiting 5y agoI've had this exact argument with someone! Saying that you do know that by paying for private insurance you are paying for other people's treatments, right?? And they said that yeah, but at least they are choosing to pay, instead of being "robbed" through taxes and being forced to pay for other people's treatment.
- cjhockey 5y agoThat's what I find most wild about this argument. Not only is insurance paying for other people's healthcare, you're also paying to enrich a bunch of shareholders.
- LargeWu 5y agoWith single payer healthcare, that money goes to the government, which is bad. In the current US system, that money goes to private companies, which is good. Don't bother questioning this because it's axiomatic. It has ceased to be merely political theory; it's now core to many people's identity. Any threat to that status quo is a personal, existential threat.
- rayiner 5y agoProfits in the healthcare industry account for a single digit percentage of costs. Health insurers made $35 billion in profits in 2019: https://www.fiercehealthcare.com/payer/big-name-payers-earned-35-7-billion-2019-here-s-one-common-thread-their-reports https://www.fiercehealthcare.com/payer/big-name-payers-earne.... Americans spent $3.8 trillion on healthcare that year. Okay, get rid of insurer profits. Your costs have gone down less than 1%.