This industry needs to be completely destroyed.
Reposted from
Matt Novak
Insurers must spend 80-85% of premiums on care by law. "But big insurers have figured out if they also become health care providers—by buying physician practices, clinics, and pharmacy benefit managers—they can meet that threshold by paying themselves and avoiding payment for their customers’ care."
Comments
There is a reason the COVID-19 pandemic hit us harder than our peer nations. We lack a modern system.
We didn’t do it. A million+ Americans have died to date but we didn’t do it.
And there’s a reason: Money.
The industry spends a lot to prevent change.
Like, that’s the indictment right there. That’s how bad things are.
Yet we spend so much more money.
We have got to abandon the notion that if money can be made doing something, it should be made doing it. Some things should be left to government.