ABATTBQ11 said:
aTmAg said:
Not Coach Jimbo said:
I persobally have no problem with CEOs. I do have a problem though with insurance companies (in multiple industries).
That said, I 100% am against murder, but I'm also a bit surprised this isn't a bigger problem.
Insurance companies have about a 3%-4% margin. They aren't "getting rich by denying claims" or any of that nonsense. If they paid EVERY claim for every unnecessary test and procedure that hospitals ask for, then they would go bankrupt.
They aren't the problem. The government is the problem.
Consumers are the problem. Health insurance stopped being insurance a long time ago and turned into health payment plan because of the demand created by consumers as a part of their employer compensation. That's why so many confuse health insurance with health care.
Make it a taxable benefit and push people to catastrophic coverage plans with HSA's and see how both markets correct.
The problem did not originate with consumers. Put the blame where it belongs- corporations and the government.
One of the reasons this started is that corporations in the 60's and 70's discovered subsidizing health insurance for employees was a way for them to "increase overall compensation" without being taxed on the compensation the same way that direct wages were.
Don't blame this entirely on consumers. Once again this issue arose because a company was given a loophole by the government. Corporations exploited it when it was offered and then consumers did what they do.... any big group will take an exploit to its logical conclusion. You see this in all social experiments and video games. Everyone wants to "find and exploit the cheat"
If company insurance benefits were taxable and all the markets were opened up so people could choose what they wanted, then employees would demand the money instead of the insurance benefits, use the market to pick their insurance and take it from there.
It would allow better risk pools for insurance companies and help them increase profitability in a legit way.
The Way that everything is fragmented, makes it more difficult for insurance to create larger risk pools, charge people according to their level of risk, and mitigate their exposure.
