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by itfossil 561 days ago
> All money paid out in claims – $303b

Complete and utter bullshit. That's the amount they listed as the cost of revenue yeah, but I'm willing to bet that a large chunk of that isn't being spent on claim payouts. Given the complete and utter lack of transparency into that number, neither you nor I can rightly claim that's what its spent on.

In any event, I don't care how profitable they are. I'm not looking to play that game. Their business model requires them to MURDER their customers in order to maintain their profit margin. This is what they are doing, day in and day out.

The fact they are making any profit at all, acting solely as the gatekeeper between people and the medical care they need, should be an indictment which strips them of the moral high ground... yet in this diseased and ass-backwards economic system (which has turned more into a religion than anything else) people like you actually have the nerve to claim it as a defense.

1 comments

You are angry at the wrong party. Health insurance companies exist just to hide the underlying costs of the real problem: hospitals that charge $3,000 per night for a bed, doctors that make $300,000 a year on average, pharmaceutical and medical device companies that make double the average companies profits... all because they have completely captured government regulators and restricted supply of their competitors.
There are a lot of rich corporations in different parts of the healthcare industry headed by rich executives who are making bank while poor people die of preventable causes. Spin it however you’d like - no matter which one of the executives of any of these companies got assassinated I suspect that you’d be here simping for them regardless.
You are rightfully angry that healthcare is 27% of our GDP. But you have been tricked by big pharma and big hospitals and doctors into believing it's all the fault of insurance companies. I don't like insurance any more than you do, but if you want to make medical care affordable, you have to deregulate health care so competition and lower prices can come.
Its a shame you aren't even reading what I'm saying. Let me be especially blunt:

The entire healthcare industry is full of companies that are making bank at the expense of the dying, sick and the disabled. This includes hospitals, big pharma, medical device manufacturers and insurance companies. They are all working tirelessly to increase their profit margins at the expense of people who can't afford to pay the inflated prices. Because of their greed, people are needlessly dying.

Frankly I would cheer just as much if somebody capped the CEO of one of these companies just as much as I'm cheering for them capping UnitedHealth's CEO.

So cut the shit and stop posting the same response over and over again please.