In reality, it is not. Health Insurance by law have to pay out 90% of their revenue, and only can use 10% for overhead and profit. that is a lower margin than just about any other business. It is healthcare costs that are the problem, not insurance
What do you do if you can only make 10% profit??? you make sure cost go up, when cost go up so does your total profit. The insurance companies do not care how much the service providers charge because they will always end up making their cut so the more the better.
Exactly, and having the big insurances write the regulations makes sure that the smaller competitors will be eaten and only BBigGGG Insurance lives on.
Part of you insurance premiums goto paying the salary of the person whose whole job is denying your claim
Part of your doctor bill goes to paying the person who has to argue with that person.
Thats a dumb wasteful system.
Those massive buildings, computers, electric bills, corporate jets, people doing the job, managers pretending to manage, etc all cost money. There's not mathematical possibility that this comes to 10%
In reality, it is not. Health Insurance by law have to pay out 90% of their revenue, and only can use 10% for overhead and profit. that is a lower margin than just about any other business. It is healthcare costs that are the problem, not insurance
What do you do if you can only make 10% profit??? you make sure cost go up, when cost go up so does your total profit. The insurance companies do not care how much the service providers charge because they will always end up making their cut so the more the better.
Exactly, and having the big insurances write the regulations makes sure that the smaller competitors will be eaten and only BBigGGG Insurance lives on.
Wow. Interesting. But doctors haven't had a great situation either, so if we aren't profiting from rising costs, who are ... ?
Part of you insurance premiums goto paying the salary of the person whose whole job is denying your claim
Part of your doctor bill goes to paying the person who has to argue with that person.
Thats a dumb wasteful system.
Those massive buildings, computers, electric bills, corporate jets, people doing the job, managers pretending to manage, etc all cost money. There's not mathematical possibility that this comes to 10%