Health Insurance Companies Don’t Make THAT Much!
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Internet media is abuzz with an article claiming that the Health Insurance Industry doesnt make nearly as much money as say, chocolate companies, etc. Although this is not really a fair comparison as we are not measuring “apples to apples” it is still an interesting point. Health insurance business models are different than consumable goods as they are a risk based industry that provides and pays for peoples consumable services, with the possibility of people going years without using it. Everyone needs to eat, so to compare it to say, a food manufacturer is unfair because there is a daily neccessity for food.
Next point, people profit off of food, so why not insurance? People profit off of everything, it is how our economy works. Yes, greed can corrupt and cause problems, but tell a farmer he is not going to be paid for his crop and see how much food he produces. Similarly tell a health insurance expert he gets nothing for finding people quality affordable health insurance plans, and see how hard it will be to shop for insurance without an agent in sight. Then go to the hospitals and tell doctors that their patients all cannot afford even the most basic of prosecudres and examinations and see how well the hospitals, doctors and busnesses all modeled around health and healthcare do!
We need to look beyond profits and look toward a solution to the real problem: affordability. We should be asking: how can we make health insurance more affordable to the average American? How can we still profit from this industry while taking care of people and giving them the healthcare that they need?
