Comment by vanderZwan
5 hours ago
This is so absurd to me. The expression "prevention is better than cure" isn't just folk wisdom, in just about any country with nationalized healthcare the studies also confirm that this costs less money. The only exception I ever heard was a Dutch study in the 2000s suggesting that people growing older due to smoking less was going to increase healthcare costs, because people were getting older putting pressure on the pension system, but let's not peer further into that can of worms.
So by all accounts it should be cheaper for for-profit insurance companies too, unless they have ways to externalize the costs onto the rest of society. Which I guess is more circumstantial evidence for how messed up the system must be.
Nationalized healthcare systems can reap the longterm savings from preventive care. I have had 4 different for profit insurance companies over the last 5 years because of job changes, my employer switching insurance providers and retirement. Such frequent changing of health insurance providers means that there is no guarantee that any insurance company will reap the benefit of providing me with better preventative care than required by law.
> unless they have ways to externalize the costs onto the rest of society
UNH stock has been tanked all year, until the govt announced that they would raise Medicare advantage reimbursement rates. The insurance companies have an incentive to pursue volume instead of cutting costs for programs that the government is subsidizing. For everyone else, they just raise the prices which is a much more complicated issue.
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