Anonymous #1 23h

That the reason your care costs so much isn’t because the doctors are making that much money off treating you, it’s because healthcare admins and insurance companies in an arms race to see who can provide shitty enough care that it costs less while not outright killing the patient. And also doctors, nurses, techs, etc are humans too and we went into this field to help people, not be slaves to them

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Anonymous #2 23h

Basic bitch answer but I do like Kermit

3

Anonymous OP 23h

YOURE SO REAL HE’S MY FAVE TOO

8

Anonymous OP 23h

keep kicking butt at school:)

1

Anonymous #2 23h

Thank you

4

Anonymous OP 23h

Can you explain why insurance companies would want to provide shitty care? Especially since preventative care is cheaper than acute. Healthy members = lower costs, no?

1

Anonymous #3 23h

Because it costs them less to cover it. Insurance, at the end of the day, is a bunch of people pooling money together in case something happens. If nothing happens, there’s no money given back to the customer. If something DOES happen, in order to keep profits high they find the cheapest option that works well enough, or makes you jump through hoops to get proper care so it’s “justified”

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Anonymous #3 23h

Acute care is what makes the hospitals money, and if people were receiving proper care they’d stop getting insurance because they wouldn’t need it. Btw even if you cut doctors out entirely your hospital bill would only go down about 5-10% so it’s really not the doctor pocketing extra money and charging you for no reason

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Anonymous OP 22h

Yet insurance companies only have net margins of 0 to 3%. Often times negative margins actually. So where does the money go?

-1

Anonymous #3 20h

Where are you getting this range from? Is this an average?

5

Anonymous #4 20h

This is public info. It’s in their 10-Ks

1

Anonymous #3 20h

So all of them have profit margins between 0-3%?

1

Anonymous #4 18h

Yes. Or negative margins

1

Anonymous #3 18h

So I looked into it, and I guess the main issue I’m seeing is that insurance companies can underwrite certain gains when it comes to their profit margins. Feel free to have a look: https://content.naic.org/sites/default/files/industry-analysis-report-2022-health-mid-year.pdf

5

Anonymous #3 18h

Because as someone who works in healthcare and is also applying to medical school, these margins don’t make sense to me with how profitable health insurance companies are and the reality of what I see in terms of people’s coverage. A lot of patients get denied very necessary procedures

6