The whole overhead imposed by the useless rent seekers is money not spent on making people healthier.
What do you imagine is the profit margin of a health insurance company?
According to this report by the national association of state regulators, the profit margin of the health insurance industry in 2023 was 3%, or $25 billion.
Compared to over $1T of premiums, and over $4T of total healthcare spending in the US, that doesn't seem "staggering" to me.
https://content.naic.org/sites/default/files/topics-industry...
This is substantively not true (though literally true at the level of a company, due to separate companies within the Kaier consortium) of the nation’s largest managed core organization, the Kaiser consortium consisting of the Kaiser Foundation health plans and the Kaiser Permanente Medical Groups.
> No when they deny coverage, they just keep all the premiums paid by the patient. That money is sucked up by the middle man. So you don't need to raise premiums, you need to lower profits at health insurance companies.
Something like limiting retained profits at the plan level to a fixed fraction of costs covered, and requiring refund of excess premiums to members?
This is the same way Medicaid/Medicare works too. Maybe they are the Neutral Good whereas insurance companies are the Neutral Evil.
Really?
