Only in America, the world's greatest country...

RambleTamble said:
This is one reason insurance is so expensive...

An analysis of the seven largest publicly traded U.S. health insurance companies (UnitedHealth, CVS/Aetna, Cigna, Elevance, Humana, Centene, and Molina) suggests they made a collective $71.3 billion in profits last year (2024).

If we got the profits out of health insurance, it would be a lot cheaper.
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Yes, but the total health care expenditure is close to $5 trillion. Insurance profits are a drop in that bucket.
Pepper said:
Free Luigi.
Someone had to say it.
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Why? Do you think murdering health care executives is the way out of this mess? Why not start executing defense contractors, grocery store executives, pharmaceutical company executives, members of Congress?
 

Brookswood said:
For those interested a Straw Man arugument is this:



For example, you are arguing against an increase in your property tax. Your opponent then says “this will give all the billionaires another tax break for the very rich”. See the straw man? The discussion is a general increase in the property tax on all property owners, not how billionaires should be taxed. People with weak arguments often setup straw men that they can easily knock them down and look victorious/righteous/smart etc.

Now back to the discussion.
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That was interesting. I admit to having been a bit hazy on this and was prompted by this post to look up the difference between a Straw Man argument and a red herring. Useful information.
 
Irishdude said:
Yes, but the total health care expenditure is close to $5 trillion. Insurance profits are a drop in that bucket.

Why? Do you think murdering health care executives is the way out of this mess? Why not start executing defense contractors, grocery store executives, pharmaceutical company executives, members of Congress?
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.. and lawyers?
 
StarSong said:
Kaiser is non-profit.
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Kaiser, as a "non-profit" reported a net income (profit) of $12.9 billion for the full year of 2024. How exactly does a "non-profit" make $12.9 billion in profits? And with their "non-profit" status, they're exempt from paying corporate income tax.

Many states exempt "non-profits" from paying property tax, which means the rest of the taxpayers have to pick up the slack.
 
RambleTamble said:
Kaiser, as a "non-profit" reported a net income (profit) of $12.9 billion for the full year of 2024. How exactly does a "non-profit" make $12.9 billion in profits? And with their "non-profit" status, they're exempt from paying corporate income tax.

Many states exempt "non-profits" from paying property tax, which means the rest of the taxpayers have to pick up the slack.
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The "profits" are reinvested in expanded services, facilities improvements, and so forth, rather than being distributed to shareholders.
 

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