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I don't see health insurance making profit being unreasonable. That is key reason why anyone would run an insurance scheme. Now the USA model is entirely wrong.
by Ekaros 3y ago
I don't see health insurance making profit being unreasonable. That is key reason why anyone would run an insurance scheme. Now the USA model is entirely wrong. But fundamentally, to offer insurance you must get something out of it.
- DarkmSparks 3y agohealth insurance profit is forgone health. every other country only allows them to exist as not-for-profits. whereas expensive medicines just make health insurance less profitable. This is the basic principle behind why the US spends the most in the world on healthcare to achieve among the worst outcomes (e.g. same life expectancy as most undeveloped 3rd world countries)