- Think about Health Care in America and easily you will see that it is completely socialized. Who is sick? The elderly, the disabled and the poor. What insurance do they have? Medicare and Medicaid or nothing. Only healthy people are insured by insurance “companies”.
Can you see how profitable that is?
- What you might not know is that Americans pay for 70 percent of health care leaving the 30% balance of health care to be paid for by commercial, for-profit “cherry picking” health insurance companies.
- Health insurance companies are making a huge profit by paying for healthcare for the healthy.
- “Health care spending per capita is higher in the U.S. than in any other high-income country. Yet, people living in the U.S. don’t live as long in comparison and are more likely to die of conditions that can be prevented or treated.”
- We only take care of 91% of humans in our country. According to numerous studies, the 9% of uninsured people die.
- A for-profit model that is deeply ineffective: 2024 CEO Salaries: United Health Groups 26.3 million, CVS 21.3 million, Cigna 20.9 million
- Obvi, Senators and the Congress doesn’t care they receive free healthcare for life after four years of service.
- For profit means making shareholders richer, not making humans healthy. It doesn’t work.
TL;DR
Who is sick? The elderly, the disabled and the poor: Medicaid and Medicare pay these expenses which are the majority of expenses nationally.
Taxpayers pay the majority of the 1.3 trillion dollar health care tab. Commercial insurance is for profit and for shareholders. Commercial insurance is not for the people.
The majority of healthcare in America is paid for by Americans, collectively. The minority is paid for by private health insurance companies that will only insure the healthy. By allowing commercial insurance to dominate the construct of healthcare, we are creating inefficiencies and ineffectiveness in healthcare.
We aren’t even taking care of everyone. Nine percent of Americans do not have health insurance and therefore, no care. That is almost one in ten of everyone. We are spending more than a trillion dollars and are not even taking care of everyone. “A 2009 study found that uninsured working age Americans had a 40% higher risk of death, and other studies have estimated tens of thousands of deaths annually are linked to a lack of health care.”
It also estimates that nearly 45,000 deaths annually in the United States are associated with a lack of health insurance. Could this be why our mortality rate is lower than any other developed country?
Anyone can google these facts:
In 2023 our total net earned premiums was 1.08 trillion, by working backwards based on spending, 1,464.6 billion expenditures amounts to 30% of national health expense (NHE).
Why do we have to work backwards? The expenditures are pretty straightforward, however the powers that be don’t want us to know that private health insurance is inefficient and an ineffective way to finance healthcare. Keep the numbers private and no one will figure it out??
Even by the most rudimentary methods we know that private health insurance finances very little of health care. I believe 30% is an inflated estimate that is provided to keep people from being angry about the current structure of healthcare.
The reasons that we spend so much on Healthcare with little effectiveness:
It is constructed as a for-profit model when the majority of the product is not for profit. Only a minority realizes a profit. The minority that realizes the profit spends the funds on shareholders, not on healthcare. Many Americans tell stories about care denial, and death because of delays in care.
The for-profit model demands that Americans are overcharged for medications. 9.2% overall spend 449.7 billion dollars (all overcharged compared to every country in the world):
Fraud, waste and abuse are big problems in health care, Some of the reasons for that include the massive amounts of distinct and separate billing systems and a disconnect from the patient.
Let’s keep in mind that we’ve designed our health care system to be profit-based. And so, it is. The powers fighting universal healthcare are the powers that refuse to examine their own greed in the face of people dying and living without treatment. They will give you many reasons for keeping the status quo. It all boils down to one thing: human greed vs. human life.
2024 CEO Salaries
United Health Groups: 26.3 Million
CVS: 21.3 Million