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Huge Administrative Waste Makes Clear For-Profit Insurance Is 'Actually Very Bad': Analysis
(www.commondreams.org)
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this post was submitted on 10 Dec 2024
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Go figure. Big business guilty of the issues everyone claimed Big Government would have, except big business was supposed ro be so much better because “privatization” and “efficiency”.
Guess it turns out that when an industry captures a sector by being in effect mandatory to use those services they don’t give a shit about being efficient and they still get to make a profit. They’re burning everyone else’s money. So medical insurance costs go up. What are you gonna do? Not get medical treatment? Oh, wait…
Government can be inefficient AF, but it doesn’t need to make a profit on top of that inefficiency.
every large organization is inefficient, anyone who has worked at a huge company knows this. This is just another capitalist myth that happens to keep economic control in private hands where the wealthy get more votes than the poor, as opposed to public hands where (in theory) votes are equal.