Welcome to the News community!
Rules:
1. Be civil
Attack the argument, not the person. No racism/sexism/bigotry. Good faith argumentation only. This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban. Do not respond to rule-breaking content; report it and move on.
2. All posts should contain a source (url) that is as reliable and unbiased as possible and must only contain one link.
Obvious right or left wing sources will be removed at the mods discretion. We have an actively updated blocklist, which you can see here: https://lemmy.world/post/2246130 if you feel like any website is missing, contact the mods. Supporting links can be added in comments or posted seperately but not to the post body.
3. No bots, spam or self-promotion.
Only approved bots, which follow the guidelines for bots set by the instance, are allowed.
4. Post titles should be the same as the article used as source.
Posts which titles don’t match the source won’t be removed, but the autoMod will notify you, and if your title misrepresents the original article, the post will be deleted. If the site changed their headline, the bot might still contact you, just ignore it, we won’t delete your post.
5. Only recent news is allowed.
Posts must be news from the most recent 30 days.
6. All posts must be news articles.
No opinion pieces, Listicles, editorials or celebrity gossip is allowed. All posts will be judged on a case-by-case basis.
7. No duplicate posts.
If a source you used was already posted by someone else, the autoMod will leave a message. Please remove your post if the autoMod is correct. If the post that matches your post is very old, we refer you to rule 5.
8. Misinformation is prohibited.
Misinformation / propaganda is strictly prohibited. Any comment or post containing or linking to misinformation will be removed. If you feel that your post has been removed in error, credible sources must be provided.
9. No link shorteners.
The auto mod will contact you if a link shortener is detected, please delete your post if they are right.
10. Don't copy entire article in your post body
For copyright reasons, you are not allowed to copy an entire article into your post body. This is an instance wide rule, that is strictly enforced in this community.
For-profit insurance has been painfully and obviously "very bad" since before I existed. No "actually" needed. This is common knowledge.
Now what are we going to do about it?
Keep the pressure up I guess? Probably a combination of on lawmakers and insurance companies, why not big pharma while we're at it?
It's useful to precise about exactly why it's bad. The idea that capitalism breeds efficiency is baked into the American psyche at this point. But in this case it's literally the opposite of the truth.
This isn't like a highly trained transplant surgeon demanding a salary of 800k instead of 600k. No health care is delivered by an insurance company.
Every dollar earned in profit by a health insurance company is a dollar that was spent on health care for which no health care was delivered. They are literally just inefficiency in the system.
Being bad is one thing, but a lot of people say "Well of course people think it's bad. It's not handing out money to people willy-nilly, so people hate it". Some people would rather have bad things that are efficient with money (because if you have a lot of money, you can solve the problem).
Being financially inefficient may get some people to look into it and change their tune.
Going from...
I spend more money and get what I want, poor people just need to work harder and be smarter with their money.
To...
Why am I paying more money for bureaucracy when I could be paying less money for less bureaucracy? I don't care if more people get help...I just want to be paying less.
Of course, some people would rather pay more for more red tape because they really hate the idea of poorer people having access to the things they have. But some people are not that bad.
DUH
It’s not waste. It’s theft. From the point of view of the people doing the administrating, the money they’re taking out is a goal, not a wastefulness.
It’s the exact same thing the music industry does to artists, or the “defense” industry does to the taxpayers. It looks wasteful if you think of it as trying to accomplish some goal other than enriching the people doing it, but that is exactly the goal, so it’s working perfectly.
That waste how they extract profit.
The business model is to middle man every medical transaction and they take a cut on each one. And some transaction they can keep entire value bt denying a claim as a hail merry.
This shit is more parasitic than payments processing industry.
How did we end up where folk just accept either of these things?
These industries need to be dismantled. But it is probably easier for everybody to move to a country that actually has a functioning system lol
Although the darlings in the Nordics are starting to show cracks esp Sweden. The US style extraction systems are being exported and they able to impose them via decisive politics that working classes larp.
They must think they got some sort of cheat code.
The main problem with the Swedish healthcare system is lack of funding. The healthcare sector has been needing more money for a long time now.
I am not completely sure but I think Norway and Denmark does not have a problem with a lack of funds
Compare the health care spending per capita of industrialized countries:
https://www.healthsystemtracker.org/chart-collection/health-spending-u-s-compare-countries/
The US spends $12,555 per capita (per 2022). To bring us in line with other industrialized countries, we would need to cut that number in half.
Compare to the number cited in the article:
To get your head around why this is, think for a second about what happens to every $100 you give to a private insurance company. According to the most exhaustive study on this question in the U.S.—the CBO single-payer study from 2020—the first thing that happens is that $16 of those dollars are taken by the insurance company. From there, the insurer gives the remaining $84 to a hospital to reimburse them for services. That hospital then takes another $15.96 (19% of its revenue) for administration, meaning that only $68.04 of the original $100 actually goes to providing care.
In a single-payer system, the path of that $100 looks a lot different. Rather than take $16 for insurance administration, the public insurer would only take $1.60. And rather than take $15.96 of the remaining money for hospital administration, the hospital would only take $11.80 (12% of its revenue), meaning that $86.60 of the original $100 actually goes to providing care.
Administration overhead fixes wouldn't quite get all of the difference, but it is a huge chunk of it. That on top of Medicare being able to negotiate better rates would likely do the rest.
So, yeah, do universal Medicare. That alone takes care of almost the entire problem.
We need more studies and more proof of this.
We need more news articles repeating the studies and proof.
Not fewer.
I can tell you we need fewer health insurance c-suites.
Wake me up when you have some actual news
Go figure. Big business guilty of the issues everyone claimed Big Government would have, except big business was supposed ro be so much better because “privatization” and “efficiency”.
Guess it turns out that when an industry captures a sector by being in effect mandatory to use those services they don’t give a shit about being efficient and they still get to make a profit. They’re burning everyone else’s money. So medical insurance costs go up. What are you gonna do? Not get medical treatment? Oh, wait…
Government can be inefficient AF, but it doesn’t need to make a profit on top of that inefficiency.
every large organization is inefficient, anyone who has worked at a huge company knows this. This is just another capitalist myth that happens to keep economic control in private hands where the wealthy get more votes than the poor, as opposed to public hands where (in theory) votes are equal.
Insurance company execs literally salivating at the thought of being able to perform mass layoffs and leave "an algo" in charge all in the name of reducing overhead.
And in China a sack of rice fell over.
wonder what donvict's 'efficiency expert' has to say about that?
probably some bullshit about needing to move seniors on medicare over to for profit 'advantage' plans.
probably some bullshit about needing to move seniors on medicare over to for profit 'advantage' plans.
Not until after he buys CVS and rebrands it as PharMaX, with all-new "dealership-free" insurance plans that use AI to streamline the claims denial process.
Honestly, it would be most efficient just to grind everyone over 70 into mulch. The years spent slowly siphoning their life savings while they just sit around not being hardcore workers are complete waste. Accelerate the process, transfer the wealth, so the next generation can spend it on new cars and electronic baubles: old people don't spend enough money, and what they do spend is all government-subsidized healthcare.
/s
can we start at the top of the hill, then have a change of heart as we clean the orange goo out of the mulcher?
Ya don’t say.
No shit!