Health Care Costs

westernrvparkowner wrote:
Some quick research shows that insurance companies net profits (before taxes) is somewhere around 5% of their revenues. If you assume their only source of revenues are premiums (it is not, but it makes the math easier), that means that if you pay $400.00 per month in premiums the insurance company is making twenty bucks. Good work if you can get it, but it isn't the primary driver of high premiums. Premiums are high because medical care is expensive. Medical care costs are skyrocketing because we are getting much better at keeping people alive. Cancer, Aids, heart attacks, strokes and a host of other conditions are no longer a death sentence. Sad fact is health care costs cease when the patient dies. Surviving a $100,000 heart attack now opens the door to you having a couple of hundred thousand dollars of medical claims for cancer in a few years. Given the alternative, it is probably a cost matrix we are all willing to grudgingly accept.

You're off-base here too kymosabi. Medical care costs are skyrocketing because of the non-competitive nature of that industry because of Gov't controls.

If you'll take the time to research paying cash for your medical services, they can be done for far less than the list prices. But first, you have to shop and compare.