Why do health insurance companies [middle men] NEED to exist in the 1st place,

I

IChee

New member
wedging between patients & Dr.s? Most other trades generally don't require massively inflated costs in the way of middle men
 
Because we don't have a healthcare system; we have a healthcare market. If there is an opportunity to turn a profit, someone will step up and take advantage of it.
 
Yeah, Snitch. 10% profit and 30% ADMINISTRATIVE COSTS = only 60% of insurance payments going towards actual medical care.
 
Basically because congress needed the HMO to bail them out from the medicare/medicaid fiasco... They then regulated the HMO and passed the rationing onto them...
 
The middle men are a pain for sure, but government in between would be a far worse pain. Government is the most inefficient mechanism available. Free enterprise at it's worst is still much better than government.
 
Basically because congress needed the HMO to bail them out from the medicare/medicaid fiasco... They then regulated the HMO and passed the rationing onto them...
 
They spread the cost of major health care expenses for a few across a larger population. Those who have relatively low health care expense pay through their premiums for the major costs of others. The benefit to those who don't have major problems is the knowledge of knowing that if they do, it will be taken care of.

Just like house insurance. You pay for others hoping you will never need to collect.
 
You have insurance to protect your house and car, too.

They're there to help you if you suffer a great loss. It's just a good deal for them if you never need them, and an immense help for you when you do.
 
Back
Top