3 ms·
Murica!: Where public-private "partnerships", for-profit health insurance, for-profit prisons, and the "invisible hand" of greed are considered beneficial. Wha
by hi-v-rocknroll 2y ago
Murica!: Where public-private "partnerships", for-profit health insurance, for-profit prisons, and the "invisible hand" of greed are considered beneficial.
What's next? A reversion to for-profit fire rescue services where the firefighter extorts protection money to not light your house on fire?
- naveen99 2y agoFor profit public company seems more accountable and efficient than a private non profit or a government monopoly. If a faang got caught building a fire fighting business by doing arson, the stock would take a hit for sure not to mention all the shareholder lawsuits and securities fraud allegations on top of the arson criminal charges… The problem with private prisons is probably that they are private and not publicly traded corporations. Insurance works fine as publicly traded corporations.
- hi-v-rocknroll 2y agoLet me know how for-profit health insurance works out when they decide you're not worth giving a life-saving procedure.
- naveen99 2y agoInsurance doesn’t really make that decision. Doctors do. it they decide to not pay after the procedure, the doctor / hospital can fight it out with the insurer. In practice government monopolies ration care much more.