3 ms·
> More healthcare consumption = better, across the board no more paid money for less healthcare consumed = better for insurence thus all the declined treatme
by NooneAtAll3 1y ago
> More healthcare consumption = better, across the board
no
more paid money for less healthcare consumed = better for insurence
thus all the declined treatments
- estearum 1y agoNot quite true. If you own the providers, getting people to pay deductibles and copays (i.e. getting treated) will yield way more money than just having them pay premiums.
- frollogaston 1y agoBut undercutting the other insurers/providers should earn you more, if it were competitive, which I guess it's just not
- estearum 1y agoCorrect, which is another reason why they are buying the healthcare providers. It allows the insurers (“pay-viders”) to strong arm independent doctors and smaller insurers out of the market.
- frollogaston 1y agoOk, I get it now. No other explanation has made sense so far, it's a cartel.
- msandford 1y agoThe insurers are legally obligated to pay out 80-95% of their premiums for treatment. So the only way to grow profits is to spend 2x and much and charge 2x as much. Sure you only make the same 5-20% margin, but it's on 2x the revenue so it's 2x the gross profits.