Quote:
Originally Posted by FRPLG
Actually you are wrong. Insurance companies do not make what most people would consider "big time profits" relative to other comparable industries. Compare their profits to pharms and it isn't even close. And CEO salaries are not indicative of huge profits. They are more closely aligned with revenue than with net profits. The cost of doing business as an insurance company is astronomical. What do you think the "managed healthcare" concept was born out of? The need to increase profits to a viable point due to the skyrocketing cost of healthcare. Go ahead and posts the CEOs salaries, they mean nothing.
|
first off, what exactly is the cost of running an insurance company? it only takes a handful of non trained professionals to deny a claim. managed health care was thought up by a group of insurance companies to control costs, and make sure the profit margin is at its greatest. there should be no way an insurance company can deny someone coverage on a claim that is needed. but it happens all the time. when these companies start dictating to the medical profession what they can do, and what they can charge, thats the problem. i am for national healthcare. it cant possibly be any worse then it is now, and it will be cheaper