Health insurance in America is big business. Many insurance companies are experiencing record gains, yet benefiting from not-for-profit status.
In Illinois, some of the largest hospital operators have revenues of $1 billion, while the largest insurance company has profits of $1 billion.
What would you consider to be an effective split of the total healthcare spend among the major payors (hospitals/facilities, doctors/providers, and insurance companies)? What is the basic logic behind your opinion?
Cost sharing, having people pay a segment of their human services costs out-of-pocket, may add to controlling social... View the full answer