4 ms·
It's because health insurance companies need to pad their profits. Because we have a backward system in the US where profits are extracted by everyone without a
by daveguy 11mo ago
It's because health insurance companies need to pad their profits. Because we have a backward system in the US where profits are extracted by everyone without any competition from a not-for-profit. That's why the idea of a public option is so popular (it was originally a Republican idea until it was decided insurance company profits are more desirable). Personally, I don't think any health insurance company should be for-profit. But the for-profit companies sure as hell should have a non-profit competition with the same bargaining power they do.
- petesergeant 11mo ago> Because we have a backward system in the US where profits are extracted by everyone without any competition from a not-for-profit. California has an excellent non-profit option, and it depresses prices a bit, but not a huge amount
- daveguy 10mo agoYeah, some individual states do have not for profit, and it does help. These are the vast minority of states. That's why it should be available nationwide as a public option.
- monerozcash 11mo agoPretty sure Kaiser Permanente is not-for-profit, many Blue Cross Blue Shield members are non-profit
- inferiorhuman 11mo agoMost (and the biggest) BCBS licensees are for-profit. Kaiser is not but is still eye wateringly expensive. For me, a silver plan will be about $700-800 next year. And then you take a look at what a bronze plan covers…
- daveguy 10mo agoThis is correct. BCBS is for profit and most others are. Kaiser Foundation Health Plan is one of the few not for profit insurances and only available in 8 states.
- monerozcash 10mo agoBCBS AL, AR, CA, KS, HI, LA, MA, MI, MN, NC, ND, RI, TN and VT are all not for profit, as far as I can tell. Not an exhaustive list, just asked AI and quickly checked it's output with google.
- inferiorhuman 10mo agoKaiser is the biggest HMO in the country (and available in DC).