Comment on Study reveals UnitedHealth's profit margins four times what it claimed [pdf]Comments−thataccount16dMedicine is big business. Insurance exists because people are betting against their health. Profits this high indicate insurance is REALLY GOOD at getting people to bet against themselves.−0x262d16d"getting people to bet against themselves" ie forcing them to via oligopoly and regulatory capture.−pishpash16dPeople are extremely risk averse on this, which makes sense.
Comments
Medicine is big business. Insurance exists because people are betting against their health. Profits this high indicate insurance is REALLY GOOD at getting people to bet against themselves.
"getting people to bet against themselves" ie forcing them to via oligopoly and regulatory capture.
People are extremely risk averse on this, which makes sense.