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Originally Posted by CoachKandSportsguy
The whole article is behind a paywall, but there is enough visible to get the sense that private MA is a money losing proposition without scale. That means that the only players which will remain are large, national level insurance providers. . . but large profitable means profit motive conflicts with customer service in health insurance. . . in either price or service or both.
Devoted Health’s losses in Medicare Advantage persist |
I don't think that large, for-profit national health insurers are evil. But we have to accept what the American healthcare delivery system is. It is filled with profit centers at multiple points throughout the process. Big Pharma is in there as well, with all the direct-to-consumer marketing. The health insurers keep getting bigger and bigger, and competition lessens.
It is what it is. Since publicly traded companies have a fiduciary responsibility to shareholders, it's hard to argue that the patient is the first priority.