2 ms·
We are arranging deck chairs on the Titanic with the dystopian US health system. Like who here legitimiately believes this is a good system? The entire system
by jmyeet 3y ago
We are arranging deck chairs on the Titanic with the dystopian US health system. Like who here legitimiately believes this is a good system?
The entire system is an exercise how capitalism fails where there's inelastic demand. Health insurance companies exist to extract wealth from consumers and governments by not providing health care to increase profits. It's that simple. There is a direct link between denying prior authorizations and increasing profits [1].
Fun fact: Obamacare (ie the ACA) snuck in a ban on physician-owned hospitals [2] thanks to lobbying efforts. Just more artificial barriers and rent-seeking to increase profits.
Health insurance companies continue to consolidate (eg requiring prescriptions are filled by their PBM-approved pharmacists, buying up medical providers).
It is utterly insane to me that anyone can defend this system who isn't a major shareholder in United healthcare. Yet ordinary people do, which usually comes down to "I don't want to lose my insurance", which is so insanely short-sighted and selfish, it blows my mind.
[1]: https://www.healthleadersmedia.com/revenue-cycle/cost-denials-saw-67-increase-2022 https://www.healthleadersmedia.com/revenue-cycle/cost-denial...
[2]: https://www.fiercehealthcare.com/providers/hospital-groups-aim-blunt-effort-reverse-aca-ban-physician-owned-hospitals https://www.fiercehealthcare.com/providers/hospital-groups-a...