Following the shooting of United Healthcare CEO Brian Thompson, multiple major health insurance companies have taken their executive leadership pages offline.
UHC, Anthem Blue Cross Blue Shield, Caresource and more are removing or redirecting their about us pages.
For profit insurance companies are inherently predatory. But so are for profit hospitals and drug companies.
So yeah at this point, it might be impossible to run a non profit insurance company with the consolidation of hospital ownership by the few big hospitals and Catholic Church, and the vertical monopolies of the insurance, drug and pharmacies.
Remember, one of the provisions of the ACA was requiring insurance companies to ensure at least 90% of expenditure was directly towards covering care, meaning insurance companies are legally permitted an incredible up to 10% profit margin. For context most retailers have profit margins of 1-2%
Don’t forget that the ACA also stipulated they had to send overage checks out to members if they spent more on marketing, bonuses, etc than on services. Getting refund checks from Blue Cross/Blue Shield at the end of the year because they spent too much money on everything but healthcare wasn’t exactly reassuring.
No, and I never said that. But thinking that you can run a big business and nobody would be “kill you” mad at you is very optimistic. People can be incredibly irrational, and the more customers you have the higher the odds of a crazy. And you only need one crazy to get lucky.
If I was a CEO of a big company, I’d want some security 24/7, even if I made Saint Gaben look horrible in comparison, because you never know when some certifiable in Bumfuckistan decides I’ve destroyed his peepee with mind rays or something, and decides the only logical thing is to kill me.
However, with this guy everyone wants him dead, and I really hope some of the chucklefucks running such companies start thinking if that really is the legacy they want to leave behind.
It’s really not that hard to run an insurance company without making people want to murder you
Honestly… I’m not sure that it is. The entire concept of an “insurance company” (particularly health insurance) is inherently predatory.
For profit insurance companies are inherently predatory. But so are for profit hospitals and drug companies.
So yeah at this point, it might be impossible to run a non profit insurance company with the consolidation of hospital ownership by the few big hospitals and Catholic Church, and the vertical monopolies of the insurance, drug and pharmacies.
Have the government run it (if we ever again have a sane government).
Feels like we’ll be lucky if Medicare makes it through the next term.
deleted by creator
Remember, one of the provisions of the ACA was requiring insurance companies to ensure at least 90% of expenditure was directly towards covering care, meaning insurance companies are legally permitted an incredible up to 10% profit margin. For context most retailers have profit margins of 1-2%
Don’t forget that the ACA also stipulated they had to send overage checks out to members if they spent more on marketing, bonuses, etc than on services. Getting refund checks from Blue Cross/Blue Shield at the end of the year because they spent too much money on everything but healthcare wasn’t exactly reassuring.
Even worse, they are colluding with big pharma to raise prices, because would you rather get a 10% profit off of $100 or $10000?
They made sense when the only insurance was the kind that paid out if you sent a ship to India and it sank on the journey.
Most other countries have figured out how to prevent people from wanting to murder health insurance CEOs…
Then again there seems to be a few things that other countries have figured out, but American exceptionalism won’t consider trying.
While I think these are scum, people want to murder people over too little cheese on their burger.
OK, but do do you think this particular case is similar to “too little cheese on a burger”?
No, and I never said that. But thinking that you can run a big business and nobody would be “kill you” mad at you is very optimistic. People can be incredibly irrational, and the more customers you have the higher the odds of a crazy. And you only need one crazy to get lucky.
If I was a CEO of a big company, I’d want some security 24/7, even if I made Saint Gaben look horrible in comparison, because you never know when some certifiable in Bumfuckistan decides I’ve destroyed his peepee with mind rays or something, and decides the only logical thing is to kill me.
However, with this guy everyone wants him dead, and I really hope some of the chucklefucks running such companies start thinking if that really is the legacy they want to leave behind.
Don’t forget that that a CEO legally has to maximize profits. Otherwise the shareholders can sue.
Edit: apparently this is incorrect. It is what they’re hired to do though, so not a big difference.
Yea dummy… that is the “reality” we want changed.
To you it’s immutable, to us it’s not.
The economy isn’t driven by the laws of the universe, it’s people, we can change it any time and have chosen not to. So now CEOs are dying.
Wanna change it now? No?
Alright cool. Maybe this is the new normal then.
People have a limit.
I don’t understand what you’re trying to say
That depends on the corporate charter.