> doing anything except addressing the grievances that lead to that.
Well yeah, it's not exactly easy to get everyone to understand that insurance isn't magic and money out has to match money in.
> doing anything except addressing the grievances that lead to that.
Well yeah, it's not exactly easy to get everyone to understand that insurance isn't magic and money out has to match money in.
According to this source, united healthcare profits were $14B in 2024. https://www.healthcaredive.com/news/unitedhealth-unh-2024-re...
So yeah, money out not matching money in is exactly the problem.
About half of those profits were from the Optum side of the business, not from insurance.
So a bit under 5% per the rest of the numbers in that link.
Money out had better not match money in or the insurance company will be in a lot of trouble.
Imagine if we removed the need for insurance to turn a profit.
Imagine if we removed the need for life to turn a caloric profit.