deanrd
Gold Member
- May 8, 2017
- 29,411
- 3,635
- 290
- Banned
- #1
UnitedHealth Group
McKesson
CVS Health
AmerisourceBergen
These companies are either healthcare or healthcare/pharmaceutical.
Pharmaceutical I understand because they make drugs and sell them at prices way too high. And Republicans like to keep HMOs and other healthcare organizations in the United States from buying drugs in bulk to keep the price up.
But the healthcare companies I just donāt get. Itās not about the number of people they work with, itās about how much of that money they skim off of healthcare policies that they get to pocket.
Remember, pharmaceutical companies employ lots of those scientists that Republicans think are over educated and not very smart.
But healthcare companies donāt employ doctors or nurses or hospitals or anything related. They only skim money off of policies they sell to people that need healthcare.
Rate Review & the 80/20 Rule
80/20 Rule
The 80/20 Rule generally requires insurance companies to spend at least 80% of the money they take in from premiums on health care costs and quality improvement activities. The other 20% can go to administrative, overhead, and marketing costs.
Insurance companies selling to large groups (usually more than 50 employees) must spend at least 85% of premiums on care and quality improvement.
If your insurance company doesnāt meet these requirements, youāll get a rebate on part of the premium that you paid.
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One of the reasons Republicans want to remove that restriction is so that money pours into the healthcare companies and they can give a lot more money to Republican politicians.
Healthcare companies are such a scam.
The difference between Republicans and Democrats is that Democrats promote healthcare for all Americans and Republicans work to enrich healthcare companies. I donāt understand why Americans keep voting against their own self interest.