9 ms·
> The companies are already spending almost all their revenue on healthcare, there is very little profit anyway. It would be more accurate to say that insuranc
by dns_snek 2y ago
> The companies are already spending almost all their revenue on healthcare, there is very little profit anyway.
It would be more accurate to say that insurance companies are paying most of their revenue to healthcare providers (many of which are owned by the same people who own insurance companies), who are known to charge obscene amounts of money for services that cost a fraction of the cost elsewhere in the world.
Looking at the financial reports of insurance companies in isolation is insufficient when they're part of a much larger corrupt system.