https://finance.yahoo.com/news/humana-plunges-2024-forecast-misses-120703264.html
2 replies (most recent on top)
In a truly free market, an individual wouldn’t need health insurance, because the medical establishment couldn’t charge more than customers are willing to pay for their services. The cost of a basic medical procedure wouldn’t put a person into financial ruin. Conversely, a person with the flu wouldn’t head straight to the ER for basic care that costs a premium. We pay for the waste of others and we pay for the people who refuse to pay.
Just like with college tuition costs, the government has created this cost spiral monster and everything they attempt to bring it under control just makes matters worse.
Thank a lobbyist.
Thank a politician.
Thank a basic PCP living in a mansion.
Thank a pharmaceutical CEO.
Thank an insurance CEO.
Private insurance used Medicare as a cash cow for years. Tax dollars turned into profit went into the pockets of executives and shareholders. The Fed govt is tightening it's belt and private insurance companies don't like that they can't profit off Medicare like they used to.