Quote:
Originally Posted by Bladewire
You can thank the insurance companies for that.
You do realize all if the insurance companies made billions in profits last year right? One was 26% profit over the previous year.
Rates going up is the insurance companies wanting more profit, when they don't get as much as they want they drop out of an exchange.
This is the problem having public companies as insurance middlemen, their investors demand more return and the health insurance companies fuck over customers, hospitals & the government to keep increasing profit, as they have for decades.
The insurance companies are the problem, they always have been and they'll fuck us under Trumpcare because that's what they do.
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Absolutely. And this was highly predicted when Obamacare first rolled out but few wanted to listen because they were so focused on the shiny toy. There were no true repercussions for this happening.
Obamacare was a cheap quick Band-Aid to a horrible, horrible problem, and now things are going to be significantly worse.
I agree with you 100%. A publicly traded company has one goal: make investors money. In the health chain, there is a whole pyramid of publicly trading companies from the bottom to the top. Each wanting their piece of the pie.
I'm currently in the process of outright buying a piece of medical equipment that costs around $4,500. My doctor writes out a prescription that he sends straight to a medical supply company (publicly traded.) Medical supply company then deals with my insurance company (publicly traded) and charges them $750 a month (or so they claim) for that same exact piece of equipment.
That piece of medical equipment will last me 5 years minimum. So we are looking at $750 a month, for 5 years, that's close to $40,000 for what I can buy outright at $4500.
Yes, insurance companies suck. So does the whole chain of sycophants.