3 ms·
It’s not clear that insurance company CEOs are responsible for the problem. Insurance companies have rather low profit margins — even if they were non-profit, p
by School-Cotton 2y ago
It’s not clear that insurance company CEOs are responsible for the problem. Insurance companies have rather low profit margins — even if they were non-profit, perfectly efficient, and all their employees worked for free, it would have a marginal effect on the system but not change it fundamentally.
- eesmith 2y agoHollywood accounting has taught me to seriously distrust what "profit margin" means. If company X rents a building from company Y, and X and Y are both owned by company A, then X can have no profit on the books, even though A still gets the money. In any case, https://en.wikipedia.org/wiki/UnitedHealth_Group#Finance https://en.wikipedia.org/wiki/UnitedHealth_Group#Finance says 2023 revenue was $371,622 million with a net income of $23,144 million. 23/371 = 6% profit margin. Verizon has a profit margin of 7.3% Walmart is about 3%. You are right - it won't fundamentally change thing. Medicare for all.