Every single dollar earned in profit by a health insurance company is a dollar that was spent on healthcare, for which no healthcare was delivered. And there are billions of them.
Health insurance company profits are literally inefficiency in the system.
Health insurance company profits are literally inefficiency in the system.
And an absolutely staggering inefficiency at that. The US spends roughly twice as much per capita as the rest of the developed world for healthcare, for health outcomes that are ranked nowhere near the top. A 100% inefficiency, attributable entirely to private health insurance.
Every single dollar earned in profit by a health insurance company is a dollar that was spent on healthcare, for which no healthcare was delivered. And there are billions of them.
Health insurance company profits are literally inefficiency in the system.
And an absolutely staggering inefficiency at that. The US spends roughly twice as much per capita as the rest of the developed world for healthcare, for health outcomes that are ranked nowhere near the top. A 100% inefficiency, attributable entirely to private health insurance.