President Biden has begun to accuse stores of overcharging shoppers, as food costs remain a burden for consumers and a political problem for the president.
This is hands down some of the stupidest shit to focus on.
The big expense in our lives isn’t gas and groceries. It’s fucking healthcare. Let’s all just fucking ignore INSANE pharma profits and INSANE profits for health insurance companies who are legally required to not earn more than 20% of the 100% pie of healthcare spending for treatments.
We pay more for drugs, medical devices and treatments than anywhere else in the world because we do not collectively bargain. We don’t regulate price changes AT ALL like almost every country in the world does.
Insurance companies are encouraged to raise the prices for treatments - and thus premiums - because they cannot make more than 20% of said treatments. So if a treatment is $100, they can only profit $20. If a treatment is $10000 - the insurance company can profit $2000. DOES ANYONE SEE THIS AS A PROBLEM!?!?!?
Healthcare expenditures are about 8% of average expenditures by Americans. Food is 12%, transportation is 16%. Housing is 34%. Maybe you can argue that healthcare prices have the most scope for reduction, but it’s literally incorrect to say that healthcare is “the big expense in our lives”.
This is hands down some of the stupidest shit to focus on.
The big expense in our lives isn’t gas and groceries. It’s fucking healthcare. Let’s all just fucking ignore INSANE pharma profits and INSANE profits for health insurance companies who are legally required to not earn more than 20% of the 100% pie of healthcare spending for treatments.
We pay more for drugs, medical devices and treatments than anywhere else in the world because we do not collectively bargain. We don’t regulate price changes AT ALL like almost every country in the world does.
Insurance companies are encouraged to raise the prices for treatments - and thus premiums - because they cannot make more than 20% of said treatments. So if a treatment is $100, they can only profit $20. If a treatment is $10000 - the insurance company can profit $2000. DOES ANYONE SEE THIS AS A PROBLEM!?!?!?
Healthcare expenditures are about 8% of average expenditures by Americans. Food is 12%, transportation is 16%. Housing is 34%. Maybe you can argue that healthcare prices have the most scope for reduction, but it’s literally incorrect to say that healthcare is “the big expense in our lives”.