this post was submitted on 18 Dec 2024
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[–] [email protected] 14 points 3 days ago (6 children)

While it's good that you'd want to improve the system you'll have to look deeper as to why.

First results from my search:

Health insurance has about 3.3% net profit margin. United had 3.6% last data I found. (The rest of US industry average is 8.54%.)

The profit margins of insurance alone can't explain why your healthcare costs 40% more than any other country.

[–] prettybunnys 7 points 3 days ago

That’s by design.

The money is being paid out and the profits reaped elsewhere.

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