Reply to United Healthcare will no longer cover uncecessary ER visits

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]My elderly neighbor went to er after minor surgery as he was having speech cognitive issues and stroke was a concern. MRI was negative for stroke.  How could they possibly have ruled that out?  That’s crazy.  Most people avoid the er, waits are bad and it’s uncomfortable.  It’s disgusting they are trying to trim expenses this way.  [b]We are well past the need for a profit cap on health insurance companies.  They have proved they can make profit even during an international health disaster.[/b]  [/quote]

I'm getting pretty tired of insurance and pharmaceutical companies turning record profits while insisting they have to deny claims or raise the cost to consumers.[/quote]

Insurance companies don't actually make significant profits and most BCBS plans are nonprofits. [/quote]

Sure.

[u]Health Insurance Premiums More than Double as Insurers Report Billions in Profit[/u]
https://www.bloomberg.com/press-releases/2020-09-02/health-insurance-premiums-more-than-double-as-insurers-report-billions-in-profit

" - Health insurance companies report doubling billion-dollar profits during
    the pandemic in Q2 2020 compared to Q2 2019.
  - Since 2009, employer health care premiums rose 57%, or an average of
    $7,459 per year.
  - United Healthcare reported a medical loss ratio of 70.2%, accounting for
    its record profits in Q2 2020."[/quote]

Net profit just tells you the size of the industry. What's the margin? [/quote]

If that's what you are basing your disagreement on, why don't you link it yourself to back your claim?[/quote]

Fluctuating under 3% for the past several years: https://content.naic.org/sites/default/files/inline-files/2019%20Health%20Industry%20Commentary_0.pdf

As a point of comparison, the average profit margin for S&P 500 companies is around 9%. Pretty crappy profits. [/quote]

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