I think there is probably a lot of claim denial and bullshit rolled up into the 85% number. You make it seem like they are an efficient distributor of healthcare where which they are not. Every provider hates them because they create a ridiculous amount of Paperwork overhead and cost to the entire system. They are the healthcare equivalent of DOGE.
People have contradictory expectations of healthcare. They want it to be more efficient and avoid waste, but when the healthcare company institutes systems of accountability people complain about paperwork.
What's your silver bullet to make healthcare better? The companies are already spending almost all their revenue on healthcare, there is very little profit anyway.
> The companies are already spending almost all their revenue on healthcare, there is very little profit anyway.
It would be more accurate to say that insurance companies are paying most of their revenue to healthcare providers (many of which are owned by the same people who own insurance companies), who are known to charge obscene amounts of money for services that cost a fraction of the cost elsewhere in the world.
Looking at the financial reports of insurance companies in isolation is insufficient when they're part of a much larger corrupt system.
Honestly the Keiser Permanente insurer/provider hmo model is pretty decent. There isn’t a lot of profit in it but it does a decent job rationing out care in appropriate and ethical ways.
