[daedrdev]

Insurance companies make like 2-4% hardly breaking the bank here. Pharmaceutical companies make a lot of money, but the US also funds most drug development which other countries freeload off of. US healthcare workers get a state enforced shortage to drive up their wages thanks to residency limits, but nobody ever wants to look at that.

If you can't tell I am extremely pessimistic about the changes of universal healthcare improving on our current system. And to be clear it's universal, not unlimited.

[Apocryphon]

Insurance companies basically are banks, in that while they make low profit margins they wield such vast amounts of capital, some of which they invest in, they might as well be financial service institutions. There's also other categories of entities (pharmacy benefit managers, wholesalers and distributors) that also get a cut.

https://medium.com/@brian-curry-research/the-healthcare-maze...