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What "legitimate service" do these rent-seeking bloodsuckers provide?
If the risk spreading function is what is being referenced, the government does that job far better and cheaper. Certainly that function is not worth 35% profit as health insurers currently enjoy.
Why was it necessary for Barry to slurp these market manipulating monopolists?
I get the need to reward pharmaceutical companies when (but only when) they risk hundreds of millions of dollars to find a cure or treatment for some malady. (I intend to omit drug companies who game the patent laws by, e.g. adding an antacid to highblodd pressure medicine) Same for the medical devise companies and the health care providers who pay tuition and spend years learning their craft.
But what in hell do health insurers do to improve the efficacy of healthcare that entitles them to a 35% profit?
Somebody, anybody, Bueller? [crickets]
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Because of the money they contribute to election campaigns; it is that simple.
That’s a “legitimate service,” really? OK, someone had to go snarky and I should have anticipated that in framing the question (and have in the past) but really want the hell do they do?
Perhaps, ‘legitimate service to whom?’ is better phrasing BUT what I wrote wasn’t snark but the real answer to your question.