I spoke with more than 50 insurance experts, patients, lawyers, physicians and consumer advocates about building a tool anyone could use to navigate insurance appeals. Nearly everyone said the same thing: Great idea. But almost impossible to do.
When it comes to health care delivery (clinics, hospitals, etc), you have to define more of what you mean. These places need to make a little money on the care they provide because they need to buy new equipment when the old stuff dies, fix the roof, repair stuff, etc. If those places are not making a profit, they will eventually die.
Now if you mean a profit that goes to anything but maintaining the ability to deliver care (e.g. shareholders), that is despicable. There is no place for shareholders in a healthcare company.
That is why Medicare can administer funds cheaper than an insurance company. No shareholders!
In the context of insurance, absolutely.
When it comes to health care delivery (clinics, hospitals, etc), you have to define more of what you mean. These places need to make a little money on the care they provide because they need to buy new equipment when the old stuff dies, fix the roof, repair stuff, etc. If those places are not making a profit, they will eventually die.
Now if you mean a profit that goes to anything but maintaining the ability to deliver care (e.g. shareholders), that is despicable. There is no place for shareholders in a healthcare company.
That is why Medicare can administer funds cheaper than an insurance company. No shareholders!