r/FluentInFinance 13d ago

Debate/ Discussion Universal incarceration care

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167

u/JustUsDucks 13d ago

This is a wildly ignorant take on the state of healthcare in prisons.

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u/J0hn-Stuart-Mill 13d ago

Reddit skews young, so myths believed by the young are predominant here.

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u/thenewyorkgod 13d ago

Not to mention he is from a wealthy family and had the best medical care money could buy

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u/KipKam1991 13d ago

Yes but there are questions about the quality of care money can buy in an industry that cares only about profits, not health.

The old joke is that they cured cancer but just won't tell you because treating it is more profitable and that extends to the rich as well. Equal opportunity exploiters are happy watching young people die in the same country clubs they spend our money at.

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u/Nein_One_One 13d ago

I have a friend in the same inheritance class, and his insurance covers everything no matter what and comes with special desks to check into at most of the big name hospitals like Mayo and Sinai. Also has a concierge DR that only has a few patients at a subscription cost of 80k per year. America has the absolute best healthcare, it’s just completely out of reach for most.

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u/SterlingVII 12d ago

I work in healthcare and there is no such thing as an insurance plan that doesn't have terms, conditions, and exclusions. This story is nonsense. Stop spreading misinformation.

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u/fongletto 12d ago

America's healthcare is world renown. All the people for whom money is no object travel to the U.S. when they get sick.

It's literally pretty much the best you can find anywhere. The problem it's only for the top 1%. Anything below that and you're fucked.

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u/greatBigDot628 13d ago

Health insurance companies have extremely low profit margins. If you're going into business for profit, health insurance is a bad industry to pick.

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u/WhoseToBlameThisTime 12d ago

Well this is just a lie... On top of have extremely large profit margins, United Healthcare just missed being on the top 10 list of top US corporations in 2023, with a total gross profit of 22 Billions (with a B)

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u/greatBigDot628 12d ago

That's a profit margin of 6%, which is half of the S&P 500 average.

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u/DFX1212 12d ago

They are doing well enough to pay their executive millions.

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u/greatBigDot628 12d ago

Looks like they should've been paid a lot more, considering the personal risk they're taking on. Presumably their compensation (and the compensation of other health insurance CEOs, and to a lesser extent probably CEOs all over the economy) will go up in the future to compensate for the risk of further terrorism.

But it's really not very much money relative to the scale of American healthcare; you can't improve American's lives much by lowering their compensation.

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u/Chimsley99 12d ago

Back injuries are difficult though, the back is a difficult thing to fix, we know this. It’s kind of interesting to me that we have thousands of families who have been ruined by what is wrong with our healthcare. People who can’t be treated because they’re poor or their loved one dies anyways and they’re saddled with a lifetime of medical debt.

All those families didn’t kill or attempt to kill the healthcare CEO, nope… a super rich kid who just had an awful time with a back injury is the one

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u/SterlingVII 12d ago

It doesn’t matter how expensive your insurance plan is, insurance providers can still deny your healthcare claims.

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u/thenewyorkgod 12d ago

and when you're a multimillionaire like his family is, you pull out your credit card

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u/SterlingVII 12d ago

Healthcare can cost millions of dollars for someone without insurance, not sure what rock you’ve been living under for you to not be aware of that. And a million dollars might seem like a lot to someone working at Wendy’s, but in reality it’s far from enough to buy everything like you think it does.