Is the World Becoming Uninsurable?

Re:Is the World Becoming Uninsurable? by inferiorhuman on Friday January 17, 2025 @02:35AM (#42734992)

  When you point out that, for example, health insurance profits are low
  single digit percentage of overall healthcare costs they just don’t
  believe it.

Or they see that as a cute bit of misdirection. Profits are capped as a percentage of healthcare costs, sure. Healthcare costs are not capped. Drive up the cost of care, drive up the profits.

You ever think it's curious that for-profit insurance companies pay out 2–3x what Medicare does for the same procedures?

[ Parent | on HN ]

Re:Is the World Becoming Uninsurable? by gruez on Friday January 17, 2025 @09:33AM (#42737894)

> Or they see that as a cute bit of misdirection. Profits are capped as a percentage of healthcare costs, sure. [...]

You know what else is "a cute bit of misdirection"? Mentioning that profits are capped without mentioning why it's that way in the first place.

>You ever think it's curious that for-profit insurance companies pay out 2–3x what Medicare does for the same procedures?

...because the government low-balls healthcare providers?

[ Parent | on HN ]

Re:Is the World Becoming Uninsurable? by inferiorhuman on Friday January 17, 2025 @10:54AM (#42739049)

  ...because the government low-balls healthcare providers?

And yet Medicare is widely accepted. Go figure.

[ Parent | on HN ]