The insurance industry has pushed back against the outrage. “The people in our industry are mission-driven professionals working to make coverage and care as affordable as possible and to help people navigate the complex medical system,” said Michael Tuffin, the president of AHIP, a major trade group, on LinkedIn.
I am curious if Tuffin would support a single-payer system to make the US medical system less complex. Perhaps the savings from all that wasteful insurance company spend could be used to help bring down the cost of providing medicine.
“The people in our industry are mission-driven professionals working to make coverage and care as affordable as possible"
That $358 Billion profit they’ve registered in 2023 says a lot about how much all those “efficiency” savings are being passed to their customers.
I think that’s the revenue number and profit was around $20 billion. Which is still an incomprehensible amount of money that could have been spent on actual healthcare instead of extracted from their victims.
