This fella shot the CEO of UnitedHealthcare (An American health insurance company) dead in the street in NYC yesterday in incredibly cold blooded and seemingly-personal fashion.
I wouldn’t call it cold blooded, the CEO was cold blooded. The shooter presumably only murdered one person, the healthcare CEO was undoubtedly a mass murderer.
Insurance companies do not offer a service. There is no value other than to share holders. I had to explain to my daughter that it is literally illegal for a CEO to do the right thing if it will cost shareholders. They leach profits by being an unnecessary middleman and finding every loophole they can so they don’t have to actually do the thing they say they exist for.
I mean, there are huge problems with American health care companies and insurance in general will always tend towards being a scam unless it’s extremely heavily regulated, but at a fundamental level insurance does offer a service (that of socializing the cost of extreme losses), and while executives do have fiduciary duties, the idea that they always have to pursue short term profit no matter what from a legal standpoint, is overblown and exaggerated.
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Najstarsze