- the Affordable Care Act subsidizes American health insurance with tax payer funds by covering much of the cost of insurance
- Health insurance companies are required by law to spend 85% of that revenue on healthcare
- Health insurance companies, logically, acquire providers. Thus, the 85% of their spending on healthcare is just funneled into the other companies that they own
The system is currently the worst of both worlds. We have tax payer funds going straight to for-profit entities which have become vertically integrated throughout every aspect of the American healthcare system.
- the Affordable Care Act subsidizes American health insurance with tax payer funds by covering much of the cost of insurance
- Health insurance companies are required by law to spend 85% of that revenue on healthcare
- Health insurance companies, logically, acquire providers. Thus, the 85% of their spending on healthcare is just funneled into the other companies that they own
The system is currently the worst of both worlds. We have tax payer funds going straight to for-profit entities which have become vertically integrated throughout every aspect of the American healthcare system.