Fees for different medical services are set out in the Fee Schedule announced by the government and revised every two years. Between 20 and 30% of the fees are born by patients as co-payments. But with a ceiling (see below) the effective co-payment rate is about 14%."
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quote: The insurance comapnies aren't in the business of providing affordable health care. That's a side effect of their business. Their 'job' is to raise capital to invest in other profitable businesses.
nononononononononononononono
I disagree. Wholeheartedly. With every fiber.
Horse goes before the cart, Seek. Before the cart.
The investment of capital into other profitable businesses may 'now' be the economic driver of these well established companies, but it is the side effect of the amount of capital required to run an insurance company. Without the business of providing insurance there is no pool of capital to invest nor any reason for the people to provide such capital. The business serves the client. The client does not serve the business. What you are speaking of above is exactly what is wrong with over-sized corporate America seek. And the WORST place for such back-assed economic theory to be taking place is in the businesses that administrate our healthcare system.
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posted
Sorry, Big 'un... there may have been somewhere, sometime an honest, caring company that realized they could make a decent profit by helping folks, the industry was long ago taken over by the biggies who could care less about any given patient. They simply saw the numbers and realized, wow, *there's* a pool for capital.
Think about insurance for slaves. Think that was for the slaves' health care? Nope--property insurance for their *owners.*
All goes back to cargo.
That's the inherent flaw...
-------------------- Nashoba Holba Chepulechi Adventures in microcapitalism...
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The King of the movie rental biz was Blockbuster Video. Had the best selection, best rates, most locations and they grew well established. Once they grew established they got stupid and instead of focusing on their primary business (serving the client) they focused on the economic driver of their business which was late fees (client serving business) and built themselves based on that. In comes upstart Netflix takes the crown away inside 5 years. Why? BB had the same electronic/mailing setup that NF did within two years AND had the inventory/logistics/capital reserves that NF could only dream of. Answer is the resentment of their clients. Clients resented that they had bee taken advantage of and quickly defected when an equal to better option was offered. Blockbuster filed for bankruptcy last month.
Ha! Looks like Obama is gonna put solar panels back on the WH. Good for you mate!
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Roger, that, Big...BB lost me, and now I grin as I drive by their empty store that tried to gouge me.
Anyway, not saying it *has* to be that way, am merely stating what I realized along the way, before I learned what insurance companies *really* do--and phenomena such as "rescission."
-------------------- Nashoba Holba Chepulechi Adventures in microcapitalism...
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our town of 15000 now has no movie theatre, blockbuster or movie gallery... we can rent vids only from the red vending machine at kroger, and we can buy movies...
netflix? never signed up, guess i should...
-------------------- Don't envy the happiness of those who live in a fool's paradise.
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quote:Originally posted by glassman: our town of 15000 now has no movie theatre, blockbuster or movie gallery... we can rent vids only from the red vending machine at kroger, and we can buy movies...
netflix? never signed up, guess i should...
Ask for the Canadian rate--they're rolling out NF a dollar cheaper cuz 'Muricans don't pay attention to what goes on in the rest of the world.
Redbox is OK...kinda limited--and you want to be going back there the next day, anyway, or you invariably keep 'em a day or two longer than you planned...
NF streams, now, too
-------------------- Nashoba Holba Chepulechi Adventures in microcapitalism...
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