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The part that needs disrupting is the billionaires who own insurance companies and demand profit from people's health .
by miltonlost 9mo ago
The part that needs disrupting is the billionaires who own insurance companies and demand profit from people's health .
- zdragnar 9mo agoThe profit in insurance is the volume, not the margin. Disrupting it will not dramatically change outcomes, and will require changes to regulation, not business policy.
- kunai 9mo agoAgreed. I'd also argue that there will always be the issue of adverse selection, which in any system that doesn't mandate that all individuals be covered for healthcare regardless of risk profile, will continue to raise costs regardless of whether or not margins are good or bad. That dream died with the individual mandate, and if the nation moves even further away from universal healthcare, we will only see costs rise and not fall as companies shoulder more and more of the relative risk.
- eru 9mo agoProfit is a small part of overall revenue.