[0xBDB]

> What if you 'negotiate' and the hospital and the insurance company just reject?

If you are sick and can't negotiate, and no one can negotiate on your behalf, or the provider won't negotiate, and if they sue, and if you have no charity assistance, then you will be one of the folks who goes bankrupt from medical bills. I said it was hard, and you can see from that chain of conditionals that it absolutely is, but of course it does happen.

The effects of bankruptcy in the U.S. last seven years, at least as far as credit rating is concerned. Not great, but this is not serious in the way that killing people would be serious, if that happened, which again, it basically doesn't if you can navigate the system.

> It does.

0.7% is an absurdly low profit margin. It just is. The rest of your paragraph is basically true, but doesn't change that. At the same time, the U.S. spends a much higher percentage of GDP on healthcare than most developed nations. Ergo, what the U.S. system is really optimized for is wasting money

Since that is not a rational goal for anyone, it's stupid. Evil at least achieves something for the evildoer. I'll leave it at that.

[zrn900]

> 0.7% is an absurdly low profit margin. It just is. The rest of your paragraph is basically true, but doesn't change that. At the same time, the U.S. spends a much higher percentage of GDP on healthcare than most developed nations.

Where do you pull out that profit margin. The healthcare sector does vertical integration - they keep the patient inside their services - from insurance to hospitals - and milk them.

Your system is not inefficient. It is. The efficiency is for the shareholders. Not for you.

[0xBDB]

> Where do you pull out that profit margin.

From the link I provided.

> The efficiency is for the shareholders.

It's probably worth pointing out that some of the largest American insurance companies are mutuals. They don't have shareholders, or profits. Admittedly this is rarer in health insurance than some other kinds, but State Farm, for example, does a huge health insurance business and sends its excess revenue, if any, back to its policyholder-owners as dividends.

Insurance companies that do make profits do much better than 0.7%, but then imagine how much worse that means doctors and hospitals are doing in order to drive the average down that far. And this was originally about hospital bills. Americans with insurance don't typically get bills from the insurance company, just statements of what they aren't going to pay.

> The healthcare sector does vertical integration

Here you have a point. American antitrust hasn't been good for some time, and tends to be less effective on vertical than horizontal integration. Nevertheless, while I can't immediately find a number on what percentage of American providers are owned by insurance companies, I'm pretty confident it isn't high.