In the company’s first earnings call since the fatal shooting of Brian Thompson, Group CEO Andrew Witty acknowledges shortcomings of the U.S. health care landscape.
The concept of insurance makes sense - pooling risk so that everyone can share a little pain all the time, so that unlikely but catastrophic events don’t wipe individuals out. Making this arrangement for-profit is asinine.
Insurance generally, yes. But health insurance, no, especially when it could be funded by taxes like in other countries and still have that same element of shared risk, but without the perverse incentive to let people die just to create a little more profit for the precious shareholders.
Which I appreciate is what you said, but I thought it bore repeating. Other forms of insurance I suspect would be harder to nationalise, but in theory there’s no reason they couldn’t.
US health insurers literally offer zero social benefit. They should not exist as the entire industry in harmful rent seeking.
The concept of insurance makes sense - pooling risk so that everyone can share a little pain all the time, so that unlikely but catastrophic events don’t wipe individuals out. Making this arrangement for-profit is asinine.
Insurance generally, yes. But health insurance, no, especially when it could be funded by taxes like in other countries and still have that same element of shared risk, but without the perverse incentive to let people die just to create a little more profit for the precious shareholders.
Which I appreciate is what you said, but I thought it bore repeating. Other forms of insurance I suspect would be harder to nationalise, but in theory there’s no reason they couldn’t.