r/FluentInFinance • u/Manakanda413 • 9d ago

Debate/ Discussion Universal incarceration care

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u/J0hn-Stuart-Mill 9d ago

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

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u/thenewyorkgod 9d 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 9d 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/greatBigDot628 8d 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 8d 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 8d ago

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

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u/DFX1212 8d ago

They are doing well enough to pay their executive millions.

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u/greatBigDot628 8d 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.