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Just like you can go to any doctor you want with medicare? That is so patently false as to be laughable.
We don't have a single payer system. Perhaps one can argue we have a single payer system for seniors, but that is why doctors and hospitals can refuse to see them.
In a system with only one payer it doesn't make sense for doctors or other providers to refuse patients.
I can see a doctor in California just as easily as I can see a doctor in Illinois and not worry about being in or out of some insurance company network.
well if their profit margin is so low, how come they had to pay the gov't 800 million?
Just because they didn't meet the 80% mark doesn't mean they had 20+ percent in profit. They have to pay for buildings, salaries, retirements, and who knows what else for who knows how many health insurance employees. After ALL expenses ( the 800m penalty now being yet another expense, which lowers their profit margin even more ) their total profit is still around 2-3%.
Well, their profit margin is actually pretty low, 2-3 % and that's why Obamacare had to instantiate a "cost corridor" to reimburse the insurance companies for the huge expenditures at the outset.
They net 30 billion or so a year collectively. That is roughly 5% of medicare's total budget.
If you put 19000 in your 401k every single year for the next 30 years and luck into good stock market returns you may have a million or so in your 401k. Of course by then inflation will probably eat a lot of your gains. And you get taxed when you withdraw money.
You may then be able to modestly retire in the US in a lower cost state on $3000-3500 a month. But either way an extra 2k a month will be welcome to you in old age as will affordable healthcare.
Again the above is an absolute best case scenario. Most likely you won't be so lucky.
It is only taxed if you are under 59 and 1/2 years old.
Just because they didn't meet the 80% mark doesn't mean they had 20+ percent in profit. They have to pay for buildings, salaries, retirements, and who knows what else for who knows how many health insurance employees. After ALL expenses ( the 800m penalty now being yet another expense, which lowers their profit margin even more ) their total profit is still around 2-3%.
Do you not understand how business works?
I fully understand how business works, but I'm not sure why you want to be an apologist for health insurance companies 2-3% is significant when you are talking about tens of billions of dollars, what do you think would be fair, 10%? The average net profit of a large grocery store is 2.3%, for retail 1.90%
Just because they didn't meet the 80% mark doesn't mean they had 20+ percent in profit. They have to pay for buildings, salaries, retirements, and who knows what else for who knows how many health insurance employees. After ALL expenses ( the 800m penalty now being yet another expense, which lowers their profit margin even more ) their total profit is still around 2-3%.
Do you not understand how business works?
I am quite aware of how a business operates and quite understand profit. What I also understand is you made assumptions and made up numbers. And I can guarantee is not a way to run a business.
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