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inferiorhuman • yesterday at 7:35 AM • 1 reply • view on HN

  When you point out that, for example, health insurance profits are low
  single digit percentage of overall healthcare costs they just don’t
  believe it.
Or they see that as a cute bit of misdirection. Profits are capped as a percentage of healthcare costs, sure. Healthcare costs are not capped. Drive up the cost of care, drive up the profits.

You ever think it's curious that for-profit insurance companies pay out 2–3x what Medicare does for the same procedures?

Replies

gruez • yesterday at 2:33 PM

> Or they see that as a cute bit of misdirection. Profits are capped as a percentage of healthcare costs, sure. [...]

You know what else is "a cute bit of misdirection"? Mentioning that profits are capped without mentioning why it's that way in the first place.

>You ever think it's curious that for-profit insurance companies pay out 2–3x what Medicare does for the same procedures?

...because the government low-balls healthcare providers?

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