The article goes to great lengths to highlight high salaries for senior HMO adminstrators and lobbying expenditures to Washington DC, but doesn’t even mention astronomical costs associated with lawsuits, the incredible amount of paperwork involved with such a heavily regulated industry, plain ol insurance fraud, or why those lobbyists are needed in the first place. Medicine took a wrong turn in the mid sixties with the wholesale insinuation of government into the healthcare industry, and the joined-at-the-hip relationship with the legal and insurance industries, and now the government and its lawyers say to remedy those wrongs, the answer is yet more government involvement. Beam me up Scotty.
I worked as a PI for Workers’ Comp claims. Why we pay high premiums is the dregs who fraud the system...and the insurance pays out because it’s cheaper (on our dime) to litigate. So I watched lawyers write checks to those dregs who came IN using crutches, left skipping out with a settlement just shy of full payout. Everyone happy?