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Re:Is the World Becoming Uninsurable? by slaw on Friday January 17, 2025 @12:54AM (#42734501)
$23,000,000,000 profit/29 million insured makes $793 profit per insured person.
Re:Is the World Becoming Uninsurable? by lordnacho on Friday January 17, 2025 @07:24AM (#42736788)
That's huge isn't it? $800 bucks in profit per customer? What does Apple make? Or Unilever?
Re:Is the World Becoming Uninsurable? by gruez on Friday January 17, 2025 @08:31AM (#42737309)
Why compare to Apple, when the healthcare is arguably more complex and expensive?
Re:Is the World Becoming Uninsurable? by lordnacho on Friday January 17, 2025 @10:45AM (#42738861)
They are just other things people commonly spend money on
Re:Is the World Becoming Uninsurable? by chii on Friday January 17, 2025 @09:27AM (#42737814)
the original OP is claiming that the healthcare industry is too profitable. So you have to compare it to something to see if it is too profitable.
Re:Is the World Becoming Uninsurable? by gruez on Friday January 17, 2025 @09:58AM (#42738157)
Right, but why use Apple ($800 phone every 2-4 years) compared to say, an automaker ($40k in depreciation over 10 years) or a REIT ($2000 in rent every month)? Moreover, why focus on absolute profits? If the healthcare industry split into 3 (eg. doctors, dental, drugs) but with the same margins, does that mean they're suddenly not "too profitable"?
Re:Is the World Becoming Uninsurable? by intended on Saturday January 18, 2025 @05:21AM (#42747282)
Nothing compares to tech. These are not equivalent comps.
Re:Is the World Becoming Uninsurable? by Ferret7446 on Tuesday January 21, 2025 @03:32AM (#42777752)
I'm pretty sure medical procedures cost a lot more than an iPhone, no matter how cheaply you're sourcing all of your materials and labor.