Half of all consumption spending in the US comes from the top 10% we are on track for that to narrow to the top 5% in my lifetime.
Ok…
But regardless of if that’s true, how does that effect the profits of the American healthcare industry besides gift shop sales?
Because I just don’t understand why you think it’s relevant or why American Healthcare corporations would care more about that than how much profit they’re making…
Because us poors with 10k deductibles were not getting cancer treatment anyway. They won’t notice people skipping insurance that couldn’t afford to use their insurance in the first place. The insurance companies will notice, but they have no leverage. It’s a zero sum game between insurance companies and members.
They will focus on the top 10% because that’s where all the disposable income is. They will be happy they don’t have to fight with insurance companies anymore.
The only leak is emergency care that they can’t refuse to treat people.
They won’t notice people skipping insurance that couldn’t afford to use their insurance in the first place.
Their sweet spot is people paying for it and never using it.
All Obamacare really did, is kick the van down the road by penalizing people for making the choice not to have insurance
That was a bandaid and as it gets worse people will decide the penalty is still better. If the penalty goes away, a shit ton of people’s math would change at once and it would crash the entire industry.
If it still doesn’t make sense, I don’t think I can explain it any simpler.
The penalty has already gone away. Trump suspended it in his first term and Biden did not restore it. The law is still there but it’s not enforced.
Lots of Americans should self insure. Spending 1200 dollars a month only to have to spend 5000 dollars before copays and then getting a 50% discount is a stupid amount of money for a trivial benefit. You might as well put that 1200 dollars into a savings account and then at least you have 3-30k depending on how long you go before needing care.
Ok…
But regardless of if that’s true, how does that effect the profits of the American healthcare industry besides gift shop sales?
Because I just don’t understand why you think it’s relevant or why American Healthcare corporations would care more about that than how much profit they’re making…
Because us poors with 10k deductibles were not getting cancer treatment anyway. They won’t notice people skipping insurance that couldn’t afford to use their insurance in the first place. The insurance companies will notice, but they have no leverage. It’s a zero sum game between insurance companies and members.
They will focus on the top 10% because that’s where all the disposable income is. They will be happy they don’t have to fight with insurance companies anymore.
The only leak is emergency care that they can’t refuse to treat people.
Their sweet spot is people paying for it and never using it.
All Obamacare really did, is kick the van down the road by penalizing people for making the choice not to have insurance
That was a bandaid and as it gets worse people will decide the penalty is still better. If the penalty goes away, a shit ton of people’s math would change at once and it would crash the entire industry.
If it still doesn’t make sense, I don’t think I can explain it any simpler.
The penalty has already gone away. Trump suspended it in his first term and Biden did not restore it. The law is still there but it’s not enforced.
Lots of Americans should self insure. Spending 1200 dollars a month only to have to spend 5000 dollars before copays and then getting a 50% discount is a stupid amount of money for a trivial benefit. You might as well put that 1200 dollars into a savings account and then at least you have 3-30k depending on how long you go before needing care.