United HealthCare, the insurance company in question, has a profit margin of less than 4%. Now you could argue, it should be zero, but the answer to your question would still be: "less than you think".
Since most of the rejections are because they genuinely can't pay for it. So it's not the insurance company that lets people die, it's the hospitals that charge about $3000 on average for a bandaid.
Take the total paid into the company from insurance premiums, then subtract the amount paid out for claims. Divide that amount by the Value of Statistical Life, and you get the equivalent number of people killed by the insurance company.
Since the company has profits of $14.4 billion, then they have killed more than 1920 people equivalent. And that of course is a very conservative underestimate, since profits don't include non claims overhead such as wages and rent.
I don't get the calculation. If I'm generally healthy and will not need much in terms of health coverage but I do have a good insurance payed by my employer - would the extra money I put in go towards the number of people killed?
What is the ideal insurance company from the perspective of the customer? What is the ideal insurance company from the perspective of the stockholder?
What is the purpose of an insurance company from the perspective of the customer? What is the purpose of an insurance company from the perspective of a stockholder?
Also, how do you calculate the expected value of a bet?
That’s the irony of this forum, we say time to hang the traitors and then some guy does for real and we are all clutching pearls saying “well he’s a murderer!”. We don’t even really know his politics or his motive or anything except he was a silver spooner who blasted another wealthy man. For all we know the ceo could’ve been sexting mangiones gf.
Health insurance wants you alive and perpetually sick, but never dead.
Health insurers definitely DON'T want you perpetually sick, they would rather pay for the lethal injection instead of forever treatments. Hospitals do because they can charge an arm and a leg perpetually either you or your insurer until you gracelessly expire. Insurers want you perfectly healthy until retirement then you die of a heart attack or stroke so the only thing they pay is the funeral.
So you're blindly defending a rich CEO who died running a company in an industry that profits off scamming the proletariat (newsflash: insurance companies are scams).... the question is, why?
Why not?
How many people did the CEO purposely let die for profit?
When else would justice have been doled out to someone like him?
How long are the plebeians supposed to wait for people who operate above the law to be held accountable by that same law?
United HealthCare, the insurance company in question, has a profit margin of less than 4%. Now you could argue, it should be zero, but the answer to your question would still be: "less than you think".
Since most of the rejections are because they genuinely can't pay for it. So it's not the insurance company that lets people die, it's the hospitals that charge about $3000 on average for a bandaid.
Got any proof to go along with that statement?
It's easy to calculate.
Take the total paid into the company from insurance premiums, then subtract the amount paid out for claims. Divide that amount by the Value of Statistical Life, and you get the equivalent number of people killed by the insurance company.
Since the company has profits of $14.4 billion, then they have killed more than 1920 people equivalent. And that of course is a very conservative underestimate, since profits don't include non claims overhead such as wages and rent.
I don't get the calculation. If I'm generally healthy and will not need much in terms of health coverage but I do have a good insurance payed by my employer - would the extra money I put in go towards the number of people killed?
What is the ideal insurance company from the perspective of the customer? What is the ideal insurance company from the perspective of the stockholder?
What is the purpose of an insurance company from the perspective of the customer? What is the purpose of an insurance company from the perspective of a stockholder?
Also, how do you calculate the expected value of a bet?
That's retarded.
It's a rhetorical question.
We'll never know because under the current system people like him are never held accountable.
That’s the irony of this forum, we say time to hang the traitors and then some guy does for real and we are all clutching pearls saying “well he’s a murderer!”. We don’t even really know his politics or his motive or anything except he was a silver spooner who blasted another wealthy man. For all we know the ceo could’ve been sexting mangiones gf.
None? Dead people don't pay premiums. Health insurance wants you alive and perpetually sick, but never dead.
That's not true at all. Death is very big business.
Health insurers definitely DON'T want you perpetually sick, they would rather pay for the lethal injection instead of forever treatments. Hospitals do because they can charge an arm and a leg perpetually either you or your insurer until you gracelessly expire. Insurers want you perfectly healthy until retirement then you die of a heart attack or stroke so the only thing they pay is the funeral.
That's a good point right up until the end. Health insurance doesn't pay for funerals.
You got a list of all their patients?
Do you faggot
So you're blindly defending a rich CEO who died running a company in an industry that profits off scamming the proletariat (newsflash: insurance companies are scams).... the question is, why?