Insurance companies should be forced to be nonprofits.
Edit: I mean we should have MfA but at the least hospitals and insurance companies should be nonprofit.
That wouldn’t work because there is no regulation. It’s very easy to spend all profits on stock buybacks and say you’re now non profit
…I mean we should have MfA…
Yes, and I agree, but I don’t see how Multi factor Authentication enters into this argument…
Nonprofits also act like for-profits, for example giving absurd salaries to the C suite, planning luxury retreats as business trips, hiring friends as consultants and paying expensive compensation for nothing, and so on
I saw many “cancer research” non profits that waste most of donations in bullshit and then give what’s left to actual research grants
Most hospitals are nonprofits.
So are several large health insurance companies, such as Blue Cross Blue Shield and Kaiser Permanente.
Guess what: nonprofits deny care too. So do single-payer health care systems.
I’m not suggesting it’s perfect — I’m suggesting it’s better. I’m suggesting optimizing a healthcare system around profit instead of population level health measures shouldn’t be done. I’m not suggesting that making things be non profit or single payer will magically resolve all issues, only that it will be better.
OK, but you can already find health care that is not optimized around profit. Just sign up for BCBS (which is available in most places) and choose a nonprofit medical center as your PCP (which are easy to find since they greatly outnumber for-profit medical centers).
I suspect you may find that this leads to slightly higher premiums. After all, one of the reasons UHC denies so many claims is to keep their premiums low. But in health care, you generally get what you pay for.
