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?
> 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?
...because the government low-balls healthcare providers?
And yet Medicare is widely accepted. Go figure.