Conservatives don't have a real clue about what capitalism is versus what they push for...Myths and fairy tales is ALL libertarians have!
So true.
Twenty cents from every $1 goes to "marketing, underwriting, administration, and profit
It's absurd to think that for profits will save us money. What about the profit motive? Cut that out and healthcare costs drop dramatically.
Why is American healthcare so expensive? Some experts blame the desire for profit. They talk about the morphing of American medicine from a function of a humanitarian society into a revenue stream for healthcare profits, drug and medical device companies, hospitals, and insurance companies. In essence, we have transformed healthcare in the U.S. into an industry whose goal is to be profitable.”
“The five largest health insurance companies – WellPoint, United Health, Aetna, Humana, and Cigna – … earned over $3.3 billion in profits [between April and June 2011].” Profit in the health insurance industry is the single greatest barrier to building an efficient, sustainable system of healthcare in this country.”