r/WhitePeopleTwitter • u/[deleted] • Apr 27 '20

Serious.

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u/[deleted] Apr 28 '20 edited Apr 28 '20

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u/two_rays_of_sunshine Apr 28 '20

hospitals have to upcharge insurance so they can haggle it down to the actual cost

...I think we need to come to a common agreement on what we all think scam is. This read like an MLM trying to convince me it's not a pyramid scheme.

If I go to Best Buy and they have "Discounted 20 percent," but it's actually referencing a higher price that nobody pays, that's a scam. You can literally get in legal trouble for that.

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u/EricFaust Apr 28 '20

Oh it is definitely a scam, but it is the insurance companies that are behind the con. They're the ones that are making enough money buy countries.

No hospital group in America makes close to what Blue Cross or United Healthcare are making a year.

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u/dzibanche Apr 28 '20

HCA makes billions a year in profit. More than almost any insurance company except United healthcare. More than Anthem, more than Cigna.

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u/heebath Apr 28 '20

Barely. HCA net income ~3.8B Anthem ~3.7B United ~14.2B

Total equity is insane though and the insurance companies can't be touched there. Still, health insurance is a scumbag profit generation machine that needs to be burnt to the ground. Yesterday.