Do you dream of one day working on important problems and making hard decisions with no right answer?
https://www.cnn.com/2018/05/13/health/liver-transplant-mom-e... has a nice illustrative example of how silly the system UnitedHealthcare and others set up can get.
https://www.nytimes.com/2024/12/05/nyregion/delay-deny-defen...
> Earlier this year, a Senate committee investigated Medicare Advantage plans denying nursing care to patients who were recovering from falls and strokes. It concluded that three major companies — UnitedHealthcare, Humana and CVS, which owns Aetna — were intentionally denying claims for this expensive care to increase profits. UnitedHealthcare, the report noted, denied requests for such nursing stays three times more often than it did for other services. (Humana had an even higher figure, denying at a rate 16 times higher.)
https://www.propublica.org/article/unitedhealth-healthcare-i...
> As United reviewed McNaughton’s treatment, he and his family were often in the dark about what was happening or their rights. Meanwhile, United employees misrepresented critical findings and ignored warnings from doctors about the risks of altering McNaughton’s drug plan.
> At one point, court records show, United inaccurately reported to Penn State and the family that McNaughton’s doctor had agreed to lower the doses of his medication. Another time, a doctor paid by United concluded that denying payments for McNaughton’s treatment could put his health at risk, but the company buried his report and did not consider its findings. The insurer did, however, consider a report submitted by a company doctor who rubber-stamped the recommendation of a United nurse to reject paying for the treatment.
They can, in fact, have their billions of profits while not putting their customers in the grave. It's just slightly less profit than they currently get.
Squeezing the blood from the stone here is entirely a choice.
How much do you think they should be entitled to make?
If the answer is zero, why would anyone invest in a company that can’t make money?
If the answer is that healthcare should be run by the government, why are you blaming the CEO instead of politicians?
Who has a greater moral accountability to the public - politicians or corporate CEOs?
The correct answer is “both, they are willing accomplices”.
That shows the gross margin of insurance companies (based on premiums vs paid claims). Note that it's negative in some states, and also that's gross margin - so all the insurance companies' costs need to be paid out of that.
They are not making as much profit as you think they are.
When the options are deny healthcare to someone that has paid you for healthcare and give them the healthcare, it's not morally grey.