111–120 of 370 posts
Earlier quoted context omitted.
How is it disproven exactly? Are you saying 5% is not a lot because it's the number 5 or something?
S&P 500 average profit margin is typically around 10%. So, yes, 5% is low profit margins.
I'm one of the co-founders of Turquoise Health, mentioned in the article here. We've been downloading and parsing this data all day. It's a really big deal in the industry that the prices that insurance companies pay doctors are now being shared publicly. It will have all sorts of positive impacts over time, hopefully making rate negotiations more consistent and fair between different insurance plans. Right now, 10x…
Earlier quoted context omitted.
Doesn't that just mean that they have an interest in keeping these costs high ? The higher the costs, the larger that % is for the in absolute dollars. If all the costs come down, they are allowed to make less money.
Yes. Although painted by reactionaries as a communist plot, ACA was modeled after Massachusetts’ “Romneycare”. It’s typical old school GOP policy of leveraging private sector actors with public sector dollars. It’s not awful policy, but did create bad cost incentives and encourages cartel like health networks.
It’s also similar in nature to the Swiss system. Not a lot of GOP voters in Swiss cantons.
Earlier quoted context omitted.
Yeah, but "something" could be advertising, kickbacks, cherry picking, lemon dropping, making comparison difficult, selectively optimizing visible metrics while balancing with dirtbag fine print, etc etc. Competition != Productive Competition
Then the competition who does not do that crap would offer lower premiums and steal business. Just like any other business that wasted money cannot compete with a business that does not waste money.
Why are profit margins only 5%? Could be many reasons, including collusion. Insurance companies have teams of lawyers whose job it is to navigate existing regulation, lobby for new ones and to push for ones that hurt competition.
Given how shady and complex the entire industry is, we don’t really have a reason to believe that 5% is an accurate number.
"Doctors hate this simple trick to reduce ." That's the strange spam message I could never understand. Surely doctors would be delighted at any method to improve health? So I always assumed the "trick" to be quackery with dangerous side effects. After all, why else would "doctors hate it"? Eventually I realised these messages are exclusively US American, the only place on the planet where doctors could plausibly rese…
I'm one of the co-founders of Turquoise Health, mentioned in the article here. We've been downloading and parsing this data all day. It's a really big deal in the industry that the prices that insurance companies pay doctors are now being shared publicly. It will have all sorts of positive impacts over time, hopefully making rate negotiations more consistent and fair between different insurance plans. Right now, 10x…
Sometimes the co-pay alone is more then cash for procedure.
Weekly injections and MRIs is the worst offenders I’ve seen.
Earlier quoted context omitted.
Would you like to provide a positive statement that coincides with this negative one?
Copays, deductibles, revenue from providers, etc.
A deductible is an amount of care that you’re solely responsible for. None of that money goes to an insurance company.
"Doctors hate this simple trick to reduce ." That's the strange spam message I could never understand. Surely doctors would be delighted at any method to improve health? So I always assumed the "trick" to be quackery with dangerous side effects. After all, why else would "doctors hate it"? Eventually I realised these messages are exclusively US American, the only place on the planet where doctors could plausibly rese…
You are totally wrong. Quackery exists all over the EU and other socialized systems. The idea that you can fix issues by drinking water or vinegar instead of going through Chemo or surgery has always been an easy sell to the gullible.