• Lets_Eat_Grandma@lemm.ee
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    2 months ago

    Given that medicaid costs something like 880000 million dollars, I can pretty much promise that it saved money if it was denying people en masse.

    The whole healthcare system private and public is corrupt and lining the pockets of the wealthy at scale. All the middlemen are leeches from the insurance companies, to the “service” companies that clean hospitals, nursing homes, to the medical supply companies that charge egregious prices.

    It doesn’t matter if the healthcare provider is nonprofit because all the other ancillary services make loads and loads of cash… which means medicare/medicaid and all private insurances end up spending tens of thousands of dollars per patient, or more. Turns out… private health insurance profits are regulated to a percentage of money spent on treatments…more spend = more potential profits. It’s a balancing act of raising insurance subscription prices and raising treatment cost negotiations so that they hit that percentage and maximize profit per year.