Re:It’s time for a new, progressive supply-side economics
by orwin on Tuesday February 02, 2021 @11:17AM
(#26002801)
I don't know about the US, but let's see France:
For tax-funded public healthcare, 78% of the money they are making via taxation is used to reimburse patients. That mean 22% is used to pay for the bureaucracy. Its is growing according to the numbers i have, despite all the shiny new tech they could have.
You would imagine private healthcare insurance compny overhead is lower, right? or at most at 25% for a 3% profit? Right. So Swisslife (i think this is the european private healthcare that have the biggest network, at least for glasses): 31% of what you're paying will get in their pocket to pay for bureaucracy and profit.
Either they have huge margins, either they have huge costs and are more inefficient than public healthcare. whatever the reason is, the number is way too high.
For tax-funded public healthcare, 78% of the money they are making via taxation is used to reimburse patients. That mean 22% is used to pay for the bureaucracy. Its is growing according to the numbers i have, despite all the shiny new tech they could have.
You would imagine private healthcare insurance compny overhead is lower, right? or at most at 25% for a 3% profit? Right. So Swisslife (i think this is the european private healthcare that have the biggest network, at least for glasses): 31% of what you're paying will get in their pocket to pay for bureaucracy and profit.
Either they have huge margins, either they have huge costs and are more inefficient than public healthcare. whatever the reason is, the number is way too high.