> it's to maximize economic benefits for shareholders
Except health insurance is regulated, and you can only maximize profits to a small degree (which is the only reason UHC's profit margin is 6% instead of 40%).
This incentivizes health insurance companies to provide a good enough service that people want their insurance. Capturing a lot of the market is their ONLY way to make money.
They literally don't have the option to ask, "how do we just take more of our customers money and stuff it in our pockets?"
That's not really that terrible if the company is Apple and selling products that nobody NEEDS. It is terrible if you've only got a few choices and their selling something everyone needs - hence the regulation of profits.
It's almost as if our country isn't run by complete idiots.
Is it a perfect system? No.
Is there an obvious, far superior system? Also, no.
It's almost as if healthcare spending isn't the only variable that matters - and it matters how fat and sedentary your population is, and how much you pay doctors and nurses.
It's almost as if the world isn't so reductive complex issues can be reduced to cute little charts.
Except health insurance is regulated, and you can only maximize profits to a small degree (which is the only reason UHC's profit margin is 6% instead of 40%).
This incentivizes health insurance companies to provide a good enough service that people want their insurance. Capturing a lot of the market is their ONLY way to make money.
They literally don't have the option to ask, "how do we just take more of our customers money and stuff it in our pockets?"
That's not really that terrible if the company is Apple and selling products that nobody NEEDS. It is terrible if you've only got a few choices and their selling something everyone needs - hence the regulation of profits.
It's almost as if our country isn't run by complete idiots.
Is it a perfect system? No.
Is there an obvious, far superior system? Also, no.