Institutions try to preserve the problem to which they are the solution

Re:Institutions try to preserve the problem to which they ar... by ink_13 on Saturday February 24, 2024 @01:49PM (#39494086)

These points assume that costs would stay the same and there's no overhead in the existing insurance system.

Single-payer could be cheaper and more efficient simply by returning the massive profits of health insurers directly to taxpayers. Part of high cost for healthcare in the USA is the huge number of middlemen.

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Re:Institutions try to preserve the problem to which they ar... by mike_hearn on Saturday February 24, 2024 @02:11PM (#39494270)

Do they have massive profits? It says here that they have very low profit margins of about 3%

https://content.naic.org/sites/default/files/inline-files/he...

Contrast that with the average of all industry profit margins at ~10% and with SaaS type firms of ~80%.

If you want to improve US healthcare costs by getting rid of the profit margin of insurers, it's probably a bad idea. You wouldn't notice the impact.

[ Parent | on HN ]