This is just as dumb as being a Trumper. Some people in the industry might have some insight into the problems, because they are actually in the business and they can see what works and what doesn't work. They are still human beings, and most of them are not monsters. They are cogs in a dysfunctional machine. You think none of them noticed that? Mark Cuban has some great ideas around health care. He's proving it and reducing the price of drugs for consumers dramatically - like 90% in some cases. He can tell you exactly where the costs is. Instead of a lazy 'screw these capitalist pigs!' how about some analysis and introspection. I know it's complicated - but we will can make picture books for people who don't like big words ...
Remember the sharehold is the bottom line in the private market. CEOs are the main shareholders. They are their own bottom line. The people are only cash numbers and denial rates to the owner class.
I love how absolutely dumb these people are and then they want act superiors to others. How about you guys step out of your gated communities for two seconds and actually interact with the rest of humanity? Over sheltered freaks
The biggest cash piles in a given economy are naturally the biggest target for greed. It took the implosion of the entire economy in 2008 to start a national outcry about proper regulation for banking, real estate, and CDO's. These same corporate types with a mindset towards making money above all else that enabled the 2008 GFC haven't changed their ways, of course not. Instead they moved from banking to insurance and started applying all the same greedy tactics that brought them so much success.
The media keeps interviewing healthcare CEO's and executives putting their spin on what happened. How about interviewing patient/policyholders and their families who have been denied care by a system that blatantly puts PROFIT over PEOPLE and get their "point of view?' .
I agree. However with the level of destruction done, it has to come from the top. Otherwise, nothing would have reached this level. I've seen a few news outlets interviewing patients.
I work at a hospital, during the height of covid I overheard a Dr VERY upset because the insurance denied any additional inpatient days for a patient and stated it was not longer medically necessary, the patient WAS ON VENTILATOR.....let that sink in.
Blaming it on lifestyle is an attempt to blame it on the individual. 1 in 5 Americans are at risk or already in poverty. Health insurance industry benefits from poor lifestyle choice.The FDA does a terrible job at regulating food. If FDA cared about nutrition the American people would have a better healthcare system. There is a wider problem at play. Poor mental & physical health leads to poor decision making and a lack of willpower which keeps us in debt to health insurance companies. Start with better nutrition and eradicating poverty to improve the healthcare system. Healthier people = less profits for private health insurance providers.
There is correlation between socioeconomic status and obesity. These tools want you to think people are obese because they are stupid. Nope. People are obese due to a lack of healthy and affordable food options and the toxicity of the cheaper food options. There are other factors as well, but thats a big one. When Pharma and Food become intertwined like they are, you gotta wonder if they are looking out for the consumer food supply or if they are drumming up more business.
@@lefthookouchmcarm4520 You hit the nail on the head. "Engrained into the culture." I used to lean into blaming the individual more than the system but research shows the opposite. People are doomed when billions of dollars is spent on lobbying the FDA, Healthcare and Tech with little to no care on the long the long term effects it has on society. The paradox of well-being is that if you take care of yourself you end up taking care of everyone else around you. By eating right and exercising you lessen the chance using healthcare resources as you get old. We have been encouraged to over consume in the pursuit for clout. Then we are depressed by it all when our expectations aren't met.
Agrred. Poverty or becoming disabled is a huge possibility for all humans regardless of Socioeconomic status, race, gender or culture. Everyone needs to know and recognize that. Nutrition and growing HEALTHY humans in America is non existent. All of America is a food desert. Poor food quality, chemicalized foods, drinks, water. No significant or value in parental leaves for family so parents to help raise healthy humans from the start by bonding appropriately. Instead have a baby and rush to work, partner no time off rush and keep working. The system can be changed. However , why would those that profit off Dis•ease want to pour into growth and Health.
Exactly, this guy immediately jumping to obesity. As if industrializing food, beverage, agriculture, poor nutrition etc aren’t to blame for that. As if it’s the general populations fault, the majority of people can’t afford to eat properly nutritious food. Joe Kernen sucks so much I can’t stress that enough. & then to talk about having the best quality healthcare is so detached. That is precisely the point, the majority of people cannot access that care. And then to be “frightened” at the prospect of having an individual health insurance plan without adequate representation just goes to show how out of touch public figures are. It would be cool to say that these takes stem from being aloof, but it’s more likely that they are deliberate. It’s amazing how one small act like this puts an entire class of people on defense. What are you defending?
Eliminate Employer sponsored insurance ?!? No, we need to eliminate private insurance like Aetna, etc. PERIOD. Compared to Europe, the US healthcare system is a BAD JOKE.
@@Atomwaffen-y3s You don't think a profit making making company should have a CEO. What are you suggesting? A socialist medical system. If so, are you prepared for a socialist government.
We need to not get distracted from the CORE ISSUE. For-profit health insurance is based on a fundamental conflict of interest. The more healthcare that is denied, the more profit these companies make. Do not let yourself be fooled by all the noise and distraction, THIS IS THE ONLY ISSUE WE SHOULD BE DISCUSSING regarding this event. $450 BILLION dollars in profit PER YEAR. ~68,000 deaths attributable to delayed and withheld care PER YEAR. DO NOT LET ANY CORPORATE LOBBYIST, CORPORATE NEWS MEDIA, OR POLITICIAN DISTRACT FROM THIS CORE ISSUE. DO NOT LET THEM STEER THE CONVERSATION AWAY FROM THIS.
That's like saying gravity shouldn't exist. Profit is a natural consequence of a free market, and free markets are a natural consequence of any society where unlimited wants face limited supply. The problem is that its most affluent actors compromise the integrity of the market by rigging it to their advantage (i. e. insurers lobbying the govt. for the employer mandate, thereby securing an unconditional profit for themselves). This is "socialism for the rich"--totally incompatible w/a free market and ultimately creates the need for other laws/regulations/agencies to ameliorate the inequity created by it. The rigging (or more specifically, the ability to rig it in such a fashion) is, in turn, due to inefficiencies with the implementation of the free market. It's important to note that democratic socialism (the kind practiced in countries like Denmark, Sweden, etc.) is essentially a free market where the people agree to surrender a large sum of earnings (taxes) to a 3rd party entity (the government) in exchange for that entity distributing those earnings in some fashion (i. e. gov't single payer health care system). For such an arrangement to work, the people must constantly hold that entity (the govt.) accountable, and that requires an educated society where everyone is constantly on the alert for corruption/abuses taking place by that entity. The Nordic countries have always fostered such a culture, whereas the US consists of mostly idiots. That's why that kind of socialism could never work here--attempting to replicate it would merely worsen the plutocratic socialism the US currently has
@@chadengels2625 Care providers (Doctors and Nurses) are paid for PROVIDING care. The private, for-profit heath insurance industry makes more profit by DENYING care. They are not the same. No one here is arguing that Doctors or Nurses should not be paid.
@@mollybolton8425 I respect the well thought out and detailed explanation of your position - thank you for that quality of communication. I ...generally... agree with your position on our current state of affairs, but I do not accept your conclusion that our current state precludes a possible future where we have a rational single-payer system like a number of the Nordic countries do. It would be both unlikely and hard to get there from here, but there are occasional unifying events in history that catalyze real change. ...those events are usually terrible tragedies, but perhaps not always. I do not know if this event has enough... catalyzing force? to produce that change, but I do know that this event has appeared to unite Americans across lines of age, political party, race, and (mostly) socioeconomic status more than anything I have seen since September 2001.
Can these clowns just ask what value the health insurance industry provides at all! Why does this criminal cartel get to extract rent from people and their doctors?
@@stuffbenlikes60% of the American people live pay check to paycheck because as cost of living skyrockets pay is stifled. Plus, prices for medication and healthcare supply and machinery are purposely not regulated so the costs are huge, especially compared to other countries. People do try to pay for care, that’s why paying for medical bills is the #1 cause of bankruptcy in this country. What planet are you from?
@@LivingItUp810 I was responding to the specific situation mentioned by the OP, not the entire healthcare system. You do have options outside of health insurance. Never said they are good options. But thanks for the irrelevant rant!
Remember Hillary tried to give us universal healthcare? That’s she was knocked down by the negative ads on TV and talking heads on stations such as this.
@@dontcallmecute826 I will have to go and review Hillarys other policies to check if there was another reason the American public didnt vote for her since it was so long ago. I do remember her feinting a few times and doctors saying she had a stroke and permanent brain damage, maybe that was an issue to some voters.
Wouldn't do much. Health Insurance companies run a ~5% profit margin. You want to reduce costs you need to a single payer system who can force smaller reimbursements. You'll end up with hospitals/doctors/drug companies making ~50% less money but you'll have costs similar to other countries.
@@Brandon_g424 while health insurance companies may operate on a 5% profit margin, their practices significantly inflate overall healthcare costs. They often negotiate drug prices in ways that prioritize high-rebate medications over cheaper alternatives, leading to higher pharmaceutical expenses. Their complex billing systems and administrative requirements waste doctors’ time, driving up costs without improving care. Additionally, they encourage overutilization of services and push for provider consolidation, allowing large hospital systems to demand higher reimbursements, which are then passed on to consumers. These inefficiencies, coupled with inflated administrative overhead, cause far more damage than their profit margins suggest.
Blame the employer (customer) Blame the employee (policy holder customer) Blame the self employed (policy buyer customer) Defend, deny and delay corrupt practices to drive record corporate profits. Promote, donate and fund politicians on both sides to keep the insurance racket producing better than a casino.
They still need to be able to deny fraudulent ones. Otherwise you go to the emergency room to get a cut on your hand stitched up and they order a chest x ray, an MRI, and an EKG just to run up the bill. They would bleed the system dry. Hospital executives aren't the good guys either. You can't give them a blank check.
@@MakerInMotionWrong. When a doctor and staff orders care the insurance companies feel they have the right to override the medical professional’s decision, experience and expertise. All other developed countries respect that their medical professionals understand what their patients needs and pay thousands of dollars less per capita in healthcare costs each year. The more these insurance companies deny the bigger profit they make.
@@MakerInMotion Rather than spending so much resources on denying upfront, better "chase" after the fraudulent ones after the fact. It is easy to see fraudulent patterns especially with AI these days. "Chase" was the method before and working just fine until insurers wanted to make more money.
Corporate media with corporate reporters, interviewing corporate CEO. I'm sure they know how the average person feels, what they are dealing with. Right.
Former Aetna CEO? This year, I needed three crowns, which amounted to $3,000 after applying for Aetna's insurance. A thousand dollars for just one crown? Is that even reasonable? What's the purpose of insurance? When I was in Japan, I paid nothing.
I feel your pain. I had one tooth replaced for $ 7,000. And it took 28 months to schedule. I decided that I should get a physical and I spent 5 hours on the phone before I was able to find a doctor taking Medicare patients. The first available appointment is a 7.5 month wait. My doctors appointment is in April of 2025. What if I was sick? Waiting months to get health care? I was able to get a 10 minute appointment with a nurse practitioner. I just got the bill. $471 not covered by my Supplemental "G" Medicare policy. That works out to over $2,800 per hour to see a nurse at a United Health Care medical clinic named Optum. An actual doctor is only at the clinic one afternoon per week.
I have Aetna. I've been fighting a denied claim for months now. Granted, it's only $400, not like the tens of thousands many owe. But I'm also poor, hovering just around the poverty line. What was the procedure I had that was denied? A routine annual physical.
I worked for a health insurance company, publically traded and the executive made WAY TOO MUCH MONEY! The salaries for these “executives” who only work 1-4 hours a day, if that, is the real problem.
I had Oscar for two months I couldn’t find a doctor within an hours drive and the ones I found had awful reviews. They also covered almost nothing so no worries about denials. We used to have an employer based high deductible insurance a few years ago - used to joke because we paid a lot out of paycheck for insurance we couldn’t afford to use due to the high deductible AND we put OUR dollars into an HSA to pay for the doctor visits we couldn’t access with our insurance. F’ing scam. This time we pay more to have a lower deductible and at least we can use the insurance for ‘some’ things. When we had to look on marketplace during a time of contract jobs, the rates per month for three family members were almost 2,000 a month AND 7,000-15,000 deductibles - who can afford that. Our system needs a major reform that actually helps people not corporations
This is why my wife and I no longer have health insurance. The premiums were twice the cost of our mortgage, deductibles so out of reach that we could never use the insurance except for a catastrophic health event, and the likelihood of denials is nearly 100%. We know how this game is played because we've been through it so many times in the past.
Bro why is she coping? Every other country has some type of nationalized healthcare system, even if it's a buy-in system, that still delivers better results than our employer-sponsored healthcare. How does it stop your heart a little bit that you don't have to pay a crap ton of money for no return?
Yes, this woman is very ignorant. She claims that her employer- insurance will advocate better in her behalf compares to insurance through the government, when the opposite is true. In fact, one of the major reasons why government jobs are in such high demand is because of the superior insurance.
She lives in a bubble and only sees two options: Her employer sets her up with health care she buys from a private insurer. Or she buys it on her own. The possibility there could be some sort of public option, being able to buy into Medicare (or Medicaid) at any age, or even an entire system that just covers everyone, period - those options never came across her mind.
Any discussion of healthcare in the United States and healthcare insurance that doesn’t include an examination of the massive greed and profits, including the corruption throughout the entire industry, is frankly a waste of time Bloomberg can do better than this
did you listen to the guy? Maybe should do that before you scream and yell. He's right on the money in terms of the actual reforms required to make the current system function better. Every company in the world is 'greedy' - capitalism works by aligning incentives so that public good is aligned with profit motive. These factors are not aligned in health, the way they are for TV's or Cars - so we get bad outcomes. This is't hard.
Eliminate employer-sponsored insurance in exchange with government-sponsored insurance. Make insurers negotiate with the government, which represents 350 million people. Volume will reduce costs.
I like the idea of eliminating employer-sponsored insurance. I don't think people should have to stay at jobs they don't like just because they get health insurance. I'm not thrilled with the idea of government-sponsored insurance because that's just another thing politicians will use to rile people up just like they are now talking about Social Security and Medicare cuts. What the government provides under one administration the government can take away under another administration. I'd just like something similar to healthcare.gov or a travel website where I can compare plans from multiple companies and pick the one I want. And get rid of stupid open enrollment windows. If I need health insurance now, waiting until the next open enrollment window doesn't do anything for me.
I don't want the corrupt government anywhere near anybodies Healthcare. You trust the government to not waste your money? You are part of the problem. You don't grow the government. You shrink it. Healthcare is out of control because the government decided it needed to interfere. It was affordable way more than it was after Obamacare. I could afford it. I can't today.
@@LV-ei1ceemployers will still pay for insurance. Patients still pay monthly premiums for Medicare (government sponsored insurance). The difference is Medicare doesn’t have a profit motivation to pay shareholders and CEOs BILLIONS of dollars a year.
Everything the government touches turns to crap. You think the government can run an industry better than the private sector? Government is not the solution. Look at the VA and tell us how that works.
Don't trust any CEO's promises/plans/sayings/suggestions/etc. What they say and what they do ARE two different things, and the latter is ALWAYS for their monetary benefits!
As a person who had life saving surgery by single payer health care system, this discussion is a dystopian nightmare to me, but what is crazy it is real in the US. Asking a CEO who's company is the cause of the problem how to fix it is insane. Why not ask a mafia boss how a prison should be operated or how to reform the criminal code same thing. Why would he have the public interest at heart instead of the shareholders? What next are you going to interview a cartel drug lord on how to combat the opioid epidemic?
Bertolini is absolutely wrong on all counts. He’s not in the healthcare business, he’s in the health insurance business. Companies like his contribute nothing to healthcare. They should cease to exist.
Mr. Bertlolini is correct, eliminate employer sponsored insurance! This woman “reporter”, Rebecca Quick, doesn’t even know what the healthcare system is for those of us on Obamacare. It’s NOT Medicare Advantage, hun! It’s amazing to me that people with health insurance paid for by their employers are absolutely oblivious to the fact that those of us who pay for our own insurance foot the bill for their Cadillac benefits. The system needs to change!
Aetna, at the time my then-employer had it,w as notorious for denying claims. I had to fight for a year to get a MRI approved that I had checked would be covered before getting it. Employer--based insurance is a problem as it ties every kind of stability and thus disproportionate power to the employment field, but a bigger problem is the for-profit involvement of third parties who don't do any of the actual work--providing the medical care. To compete in the international marketplace with the many other countries who have nationalized health care, we need to do the same in this country. There is no other way to fix the broken system. The time is now. It is ludicrous to claim that the high salaries of CEOs and the denial of claims are unrelated to the problem. This is not socialism--it is just math.
You don’t have to deal with Medicare Advantage (which UHC owns a big slice of). Go w Medicare A and B with a supplemental policy. In this case, the government-managed plan is better for YOU.
100%! Unfortunately Trump appointee Dr Oz is here to dismantle Medicare and switch all seniors to Medicare Advantage, which is no longer Medicare but private insurance run by UnitedHealthcare, etc. Lots of denial of care to seniors. It is not a secret that Dr Oz has been paid by private insurers to promote Medicare Advantage.
Fix healthcare insurance? Heck no! Gut it! Get rid of it! It has no place in being the primary source of funding healthcare. We need a single payer system option. And not just any single payer option but Cadilac level coverage that would be envy of the world.
My plan paid for a tier 5 antibiotic $2400; now i buy it overseas for $70. This is one of the reasons why premiums are so awfully high, ridiculous in fact.
Shows how ineffective insurance companies are at controlling costs. Now that they are vertically integrated they will get even worse at controlling costs. The only claim health insurers have to exist is to control costs, they have failed at that mission.
How about universal healthcare? Then employers wouldn't need to cover insurance because well, there would be no need for insurance or private bureaucrats making a money off everyone needing healthcare
The lady is I think paid by United healthcare. Instead of saying their denial rate is 32% she says it’s between 23 to 33%. It sounds a little bit better if you give such a large range right?
@ 32% is their average denial rate from all plans. That means some have lower than 32 while some have higher than 32. Let me know if you think I don’t understand how average work.
2:30 Instead of asking why a large portion of the population is obese and addressing it through education, they point fingers at faceless people. Pretty much sums up our healthcare system, doesn't it?
For-profit healthcare is a conflict of interest. It drives everything, great and small, from insurance companies to denying claims to hospitals charging $15 for a single dose of Tylenol. That's the problem. Plain and simple.
I'm not getting seen by Doctors, because I can't afford the premium, Deductible , the tremendous bills that will follow. In the ER , even the person that walked in to get a tissue gets their cut! This healthcare system is totally broken ! Make healthcare affordable. Make people who need health care be able to get it without having to stay ill because we're afraid of bills etc 😢
He's talking and his mouth is moving but he's not actually saying anything. What is he gonna say, "Single payer health care"? He's a healthcare CEO for Christ's sake. Conflict of interest means he has no credibility discussing healthcare policy at all!
A licenced reputable Dr, surgeon that has evaluated a condition and situation and prescribed a specific course of action the ins industry should not have veto power
Buddy just explained why it's so expensive without realizing it 😅. "The doctor has to hire multiple people to sit there and deal with insurance." That's gotta add up. Then, take the expected ROI these insurance companies have. Corporate greed. In the 90s, a 10% yearly ROI was considered great. These days, 10% is considered to be just ok. Property management companies used to pull 3-4% yearly ROI. Now it's 10%+. This type of BS is why life is more expensive.
Interview patients! Interview the government’s own CBO about the study saying Medicare for All would save us 100’s of billions a year. MEDICARE FOR ALL!!!!!
This is basically arguing for the insurance companies to be in a stronger position relative to the payers, the gall to do this when you clearly cannot be trusted in the current setup is dilutional.
Our health insurance industry has been horrible. We pay copay and monthly payment but yet they don’t provide best care nor coverage. They see customers lives as “unworthy” and milking us dry. I was so sick that I had to choose PPO for coverage but still had to fork out additional $$$$ for copay and out of pocket!!! Europe health insurance are way better than the states
America needs to focus on spending money on preventive medicine, ie prevent diseases as much as possible instead of worrying on how to pay for dialysis, insulin, heart surgery, cancer treatment, medications, etc when the patients already have the diseases. 80% of chronic diseases in the US are preventable.
@@sevenfights Look at our school lunch programs in the US. Horrible. Tons of junk including Gatorade, pizza, cookies, and processed meat and cheese. You should see how the Japanese feed their school children. Remember, food is medicine and they start young.
The guy in the white shirt is a typical corporate mouthpiece. Blame it on the patient - all about obesity. It's called victim blaming. He didn't address the issue like the first guy did. Shameful.
This sounds an awful lot like our current retirement planning process. Where the employer completely washes their hands from managing a pension fund for their employees and lets them assume all of the responsibility and risk. I don't think Mark has ill intent here, but I do not think this is a good idea. This will likely lead to less people getting insured or with people making uninformed coverage decisions. I would rather have a plan provided at the average as that will cover the majority of circumstances. What is more interesting to me is a public option, but that will never happen.
Bull puckies. The last person we should be consulting is the CEO of a health insurance company. All private health insurance profiteers should be out of business. Medicare for EVERYONE. All American should have the same level of health care regardless of their economic status. It's called equality.
Heightened chronic stress from job demands and security, healthcare and dental care insecurity as well as housing, food, car, utility bills and gas costs lead to illness. This is well researched. People are exhausted and their lifestyle choices reflect this.
This man is spot on especially regarding prior authorizations . They get approved for the most part. I like the idea of dropping employee sponsored plans if people can access good or better health plans like Medicare. Our company changes plans too often and it leads to lot of complications.Them when things finally settle down prices rocket up and we back to the same provider we had 4 years ago. We have 3 employees in HR dealing with insurance issues. Crazy.
Might be anecdotal but how is it possible that employers have the same or less negotiating power than the individual? My company went through a merger and the new employees are on our plan and our premium was reduced for 2025. The problem I see and people complain about are your rates of denial!
Aetna is one of the worst insurance! They deny care ! I had personal experience 😢 Patient had tracheostomy and denied sub acute placement! The case manager said it’s family ‘s responsibility
There is a Bible story about a sick woman. All her spare earnings went to medical to try to fix her but they left her poor. It took touching Jesus’ robe to heal her. Seems like you don’t have answers but are so willing to rob the sick blind-modern day crucifixion-keep them in pain or early death? Same thing they did to Jesus too. The man talking of obese, did you study why people are obese or do you blame the patient for it? Overrated & overpaid fat people shouldn’t call the kettle black. Joe schmo probably can only afford spam & hotdogs-is that your diet too? I hear extreme poor dumpster dive for food-do you? Then you want to reduce anesthesia during surgery (heard it was reversed once that CEO’s life was taken); that’s like telling people no surgery for you. Something is wrong in America & congress needs to step it up to fix it? I appreciate my insurance company but I put my faith & trust in God. God bless the suffering and have mercy on the rest.
Yes please. More interviews from PATIENTS! No one cares about rich CEO’s running their mouths and faking surprise that patients have been treated like trash, are unhappy with their care and dying because of it. I feel fortunate that I’ve had a very favorable experience with Oscar Health. Now I’m being forced to take Medicare which is no where near as good and doesn’t cover 1/2 as much, and is attached to United Healthcare. And Medicare is way more expensive to get the comparable coverage I received from Oscar. We elderly literally have no choice. 🤨
Certainly you must be referring to Medicare Advantage, which is NOT Medicare. Medicare is superior to any private policy, including Medicare Advantage. Companies shouldn't be able to call their policies Medicare Advantage because it confuses people. Medicare Advantage IS NOT Medicare.
@4:00 "at least I have an employer than can argue for the mass of us . . . but if I'm out there on my own there wouldn't be any protection" She's unwittingly just made the argument for UNIONS :)
It is, in no way, a lifestyle problem. The problem is that we pay taxes, but the government doesn't give us health insurance in return. The government also refuses to keep food corporations from poisoning us by cheapening their food products.
Ummmm ... We have the best healthcare system? Ummm bud we rank last. We rank near last in happiness.... Bunch of ppl who never struggled in life aside from sitting on the toilet. No privae healthcare like the rest of the developed world... Aight man.... Keep this up
Its when the new united ceo said we have only been turning the company better and better each year 😂😂 (the succesful denial rates of 8% to 36%) to the people that means worse and worse but those rich people are ignoring our pleas again
She would argue that since 1984, health care has gotten better?!!! Nice to be amongst those who are treated fairly! Another problem with these talking heads. They have no clue how normal Americans live!
Yes 🙌 FREE LUIGI ❤ - He stands for How fed up We are with the FOR PROFIT health care system and grotesque treatment of human life for BIG PHARMA to Benefit
Employers have known for 30 years that if they aren't the ones to get to offer health insurance for less than individuals could buy it for, then their employees would jump ship more often. That is why they really don't mind offering it to some of their workers.
We don't have the best healthcare! You might. If you have the money to pay, you have great healcare. Americans do not. I don't like employer sponsored care but how would I fight the healthcare company to cover something without them?
Don't let CEO's and media tell you what the problem is.
This is just as dumb as being a Trumper. Some people in the industry might have some insight into the problems, because they are actually in the business and they can see what works and what doesn't work. They are still human beings, and most of them are not monsters. They are cogs in a dysfunctional machine. You think none of them noticed that?
Mark Cuban has some great ideas around health care. He's proving it and reducing the price of drugs for consumers dramatically - like 90% in some cases. He can tell you exactly where the costs is.
Instead of a lazy 'screw these capitalist pigs!' how about some analysis and introspection. I know it's complicated - but we will can make picture books for people who don't like big words ...
Surprise, surprise, let's get rid of our biggest customer and expense--employee benefit plans!
Remember the sharehold is the bottom line in the private market. CEOs are the main shareholders. They are their own bottom line. The people are only cash numbers and denial rates to the owner class.
I love how absolutely dumb these people are and then they want act superiors to others. How about you guys step out of your gated communities for two seconds and actually interact with the rest of humanity? Over sheltered freaks
The biggest cash piles in a given economy are naturally the biggest target for greed. It took the implosion of the entire economy in 2008 to start a national outcry about proper regulation for banking, real estate, and CDO's. These same corporate types with a mindset towards making money above all else that enabled the 2008 GFC haven't changed their ways, of course not. Instead they moved from banking to insurance and started applying all the same greedy tactics that brought them so much success.
The media keeps interviewing healthcare CEO's and executives putting their spin on what happened. How about interviewing patient/policyholders and their families who have been denied care by a system that blatantly puts PROFIT over PEOPLE and get their "point of view?' .
Thank you
Great words 🎉
I agree. However with the level of destruction done, it has to come from the top. Otherwise, nothing would have reached this level.
I've seen a few news outlets interviewing patients.
Because that would validate what Luigi’s message is.
Just ask any hospital revenue reimbursement workers who try to get these claims paid... They know more than anyone.
I work at a hospital, during the height of covid I overheard a Dr VERY upset because the insurance denied any additional inpatient days for a patient and stated it was not longer medically necessary, the patient WAS ON VENTILATOR.....let that sink in.
WOW! HOW ARE WE NOT SUPRISED
free market capitalism baby. You voted for it.
its sad manager of health care industry make more than the doctors and the doctor work long hours and stressful job
oh my god. thank you for what you do, I'm sure the care you provided touched so many lives.
Oh yeah but remeber all the fears about death panels Sarah Palin spread about a single payer system....
Blaming it on lifestyle is an attempt to blame it on the individual. 1 in 5 Americans are at risk or already in poverty.
Health insurance industry benefits from poor lifestyle choice.The FDA does a terrible job at regulating food. If FDA cared about nutrition the American people would have a better healthcare system.
There is a wider problem at play. Poor mental & physical health leads to poor decision making and a lack of willpower which keeps us in debt to health insurance companies.
Start with better nutrition and eradicating poverty to improve the healthcare system.
Healthier people = less profits for private health insurance providers.
There is correlation between socioeconomic status and obesity. These tools want you to think people are obese because they are stupid. Nope. People are obese due to a lack of healthy and affordable food options and the toxicity of the cheaper food options. There are other factors as well, but thats a big one. When Pharma and Food become intertwined like they are, you gotta wonder if they are looking out for the consumer food supply or if they are drumming up more business.
About one in five Americans are in a good state of physical fitness.
@@lefthookouchmcarm4520 You hit the nail on the head. "Engrained into the culture."
I used to lean into blaming the individual more than the system but research shows the opposite.
People are doomed when billions of dollars is spent on lobbying the FDA, Healthcare and Tech with little to no care on the long the long term effects it has on society.
The paradox of well-being is that if you take care of yourself you end up taking care of everyone else around you. By eating right and exercising you lessen the chance using healthcare resources as you get old.
We have been encouraged to over consume in the pursuit for clout. Then we are depressed by it all when our expectations aren't met.
Agrred. Poverty or becoming disabled is a huge possibility for all humans regardless of Socioeconomic status, race, gender or culture. Everyone needs to know and recognize that. Nutrition and growing HEALTHY humans in America is non existent. All of America is a food desert. Poor food quality, chemicalized foods, drinks, water. No significant or value in parental leaves for family so parents to help raise healthy humans from the start by bonding appropriately. Instead have a baby and rush to work, partner no time off rush and keep working. The system can be changed. However , why would those that profit off Dis•ease want to pour into growth and Health.
Exactly, this guy immediately jumping to obesity. As if industrializing food, beverage, agriculture, poor nutrition etc aren’t to blame for that. As if it’s the general populations fault, the majority of people can’t afford to eat properly nutritious food. Joe Kernen sucks so much I can’t stress that enough.
& then to talk about having the best quality healthcare is so detached. That is precisely the point, the majority of people cannot access that care. And then to be “frightened” at the prospect of having an individual health insurance plan without adequate representation just goes to show how out of touch public figures are. It would be cool to say that these takes stem from being aloof, but it’s more likely that they are deliberate.
It’s amazing how one small act like this puts an entire class of people on defense. What are you defending?
Eliminate Employer sponsored insurance ?!? No, we need to eliminate private insurance like Aetna, etc. PERIOD. Compared to Europe, the US healthcare system is a BAD JOKE.
Something is wrong when health insurance executives make way more money than Drs and other healthcare professionals.
Really. Lol you expect a doctor to make the same as a CEO 😅
@@ocampbell1954a doctor will save your life. A CEO will deny your care to profit from your death. 🤷🏻♂️
@@ocampbell1954 There shouldn't be ANY "Health Care Executives." ZERO.
@@Atomwaffen-y3s You don't think a profit making making company should have a CEO. What are you suggesting? A socialist medical system. If so, are you prepared for a socialist government.
Healthcare should not be a for profit system.
We need to not get distracted from the CORE ISSUE. For-profit health insurance is based on a fundamental conflict of interest. The more healthcare that is denied, the more profit these companies make. Do not let yourself be fooled by all the noise and distraction, THIS IS THE ONLY ISSUE WE SHOULD BE DISCUSSING regarding this event. $450 BILLION dollars in profit PER YEAR. ~68,000 deaths attributable to delayed and withheld care PER YEAR. DO NOT LET ANY CORPORATE LOBBYIST, CORPORATE NEWS MEDIA, OR POLITICIAN DISTRACT FROM THIS CORE ISSUE. DO NOT LET THEM STEER THE CONVERSATION AWAY FROM THIS.
That's like saying gravity shouldn't exist.
Profit is a natural consequence of a free market, and free markets are a natural consequence of any society where unlimited wants face limited supply. The problem is that its most affluent actors compromise the integrity of the market by rigging it to their advantage (i. e. insurers lobbying the govt. for the employer mandate, thereby securing an unconditional profit for themselves). This is "socialism for the rich"--totally incompatible w/a free market and ultimately creates the need for other laws/regulations/agencies to ameliorate the inequity created by it. The rigging (or more specifically, the ability to rig it in such a fashion) is, in turn, due to inefficiencies with the implementation of the free market.
It's important to note that democratic socialism (the kind practiced in countries like Denmark, Sweden, etc.) is essentially a free market where the people agree to surrender a large sum of earnings (taxes) to a 3rd party entity (the government) in exchange for that entity distributing those earnings in some fashion (i. e. gov't single payer health care system). For such an arrangement to work, the people must constantly hold that entity (the govt.) accountable, and that requires an educated society where everyone is constantly on the alert for corruption/abuses taking place by that entity. The Nordic countries have always fostered such a culture, whereas the US consists of mostly idiots. That's why that kind of socialism could never work here--attempting to replicate it would merely worsen the plutocratic socialism the US currently has
@@mollybolton8425 Very intelligent response thank you! Rare
@@chadengels2625 Care providers (Doctors and Nurses) are paid for PROVIDING care. The private, for-profit heath insurance industry makes more profit by DENYING care. They are not the same. No one here is arguing that Doctors or Nurses should not be paid.
@@mollybolton8425 I respect the well thought out and detailed explanation of your position - thank you for that quality of communication. I ...generally... agree with your position on our current state of affairs, but I do not accept your conclusion that our current state precludes a possible future where we have a rational single-payer system like a number of the Nordic countries do. It would be both unlikely and hard to get there from here, but there are occasional unifying events in history that catalyze real change. ...those events are usually terrible tragedies, but perhaps not always. I do not know if this event has enough... catalyzing force? to produce that change, but I do know that this event has appeared to unite Americans across lines of age, political party, race, and (mostly) socioeconomic status more than anything I have seen since September 2001.
Can these clowns just ask what value the health insurance industry provides at all! Why does this criminal cartel get to extract rent from people and their doctors?
You don't need health insurance, you can pay doctors directly.
@@stuffbenlikes60% of the American people live pay check to paycheck because as cost of living skyrockets pay is stifled. Plus, prices for medication and healthcare supply and machinery are purposely not regulated so the costs are huge, especially compared to other countries. People do try to pay for care, that’s why paying for medical bills is the #1 cause of bankruptcy in this country. What planet are you from?
@@LivingItUp810 I was responding to the specific situation mentioned by the OP, not the entire healthcare system. You do have options outside of health insurance. Never said they are good options. But thanks for the irrelevant rant!
@stuffbenlikes, your argument is the equivalent of telling a homeless person to stop being poor. 😂
@@stuffbenlikes you still need insurance for catastrophes.
Just cut out insurance companies like every single other first world country has lol.
Remember Hillary tried to give us universal healthcare? That’s she was knocked down by the negative ads on TV and talking heads on stations such as this.
@@dontcallmecute826 I will have to go and review Hillarys other policies to check if there was another reason the American public didnt vote for her since it was so long ago. I do remember her feinting a few times and doctors saying she had a stroke and permanent brain damage, maybe that was an issue to some voters.
Wouldn't do much. Health Insurance companies run a ~5% profit margin. You want to reduce costs you need to a single payer system who can force smaller reimbursements. You'll end up with hospitals/doctors/drug companies making ~50% less money but you'll have costs similar to other countries.
@@Brandon_g424 while health insurance companies may operate on a 5% profit margin, their practices significantly inflate overall healthcare costs. They often negotiate drug prices in ways that prioritize high-rebate medications over cheaper alternatives, leading to higher pharmaceutical expenses. Their complex billing systems and administrative requirements waste doctors’ time, driving up costs without improving care. Additionally, they encourage overutilization of services and push for provider consolidation, allowing large hospital systems to demand higher reimbursements, which are then passed on to consumers. These inefficiencies, coupled with inflated administrative overhead, cause far more damage than their profit margins suggest.
@@Brandon_g4245% is substantial on the revenue that goes through health insurance companies
Why are we asking healthcare ceos...their salaries have skyrocketed also while nurse and physician salaries have gone down. Let that sink in.
Dr. and nurses are doing well for themselves.
@@nickjw88 u have zero knowledge
Time to end corporate healthcare.
No more half measures. No deals. Public healthcare is the only way.
Amen to that.👍
I f* king hope so
Blame the employer (customer)
Blame the employee (policy holder customer)
Blame the self employed (policy buyer customer)
Defend, deny and delay corrupt practices to drive record corporate profits.
Promote, donate and fund politicians on both sides to keep the insurance racket producing better than a casino.
How this world works is so comical
He talks about obesity but the insurance denies the obesity medications and treatment.
Obesity is one reason we shouldn't have Universal Healthcare. It's one of the biggest causes of all major health problems.
In 2023, Bertolini's total compensation at Oscar Health was $44.5 million, representing a CEO-to-median worker pay ratio of 455-to-1
What they need to do is stop denying claims!
That will just lead to rampant fraud. The medicare and medicaid system is already rife with it, wasting billions of your tax dollars.
They still need to be able to deny fraudulent ones. Otherwise you go to the emergency room to get a cut on your hand stitched up and they order a chest x ray, an MRI, and an EKG just to run up the bill. They would bleed the system dry. Hospital executives aren't the good guys either. You can't give them a blank check.
@@MakerInMotionWrong. When a doctor and staff orders care the insurance companies feel they have the right to override the medical professional’s decision, experience and expertise. All other developed countries respect that their medical professionals understand what their patients needs and pay thousands of dollars less per capita in healthcare costs each year. The more these insurance companies deny the bigger profit they make.
@@LivingItUp810 Nothing you said challenges my point at all. It's like you were responding to someone else.
@@MakerInMotion Rather than spending so much resources on denying upfront, better "chase" after the fraudulent ones after the fact. It is easy to see fraudulent patterns especially with AI these days. "Chase" was the method before and working just fine until insurers wanted to make more money.
Corporate media with corporate reporters, interviewing corporate CEO. I'm sure they know how the average person feels, what they are dealing with. Right.
Insurance company CEOs will never give a solution to solve corrupt insurance companies.
Former Aetna CEO? This year, I needed three crowns, which amounted to $3,000 after applying for Aetna's insurance. A thousand dollars for just one crown? Is that even reasonable? What's the purpose of insurance? When I was in Japan, I paid nothing.
I feel your pain. I had one tooth replaced for $ 7,000. And it took 28 months to schedule. I decided that I should get a physical and I spent 5 hours on the phone before I was able to find a doctor taking Medicare patients. The first available appointment is a 7.5 month wait. My doctors appointment is in April of 2025. What if I was sick? Waiting months to get health care? I was able to get a 10 minute appointment with a nurse practitioner. I just got the bill. $471 not covered by my Supplemental "G" Medicare policy. That works out to over $2,800 per hour to see a nurse at a United Health Care medical clinic named Optum. An actual doctor is only at the clinic one afternoon per week.
I have Aetna. I've been fighting a denied claim for months now. Granted, it's only $400, not like the tens of thousands many owe. But I'm also poor, hovering just around the poverty line. What was the procedure I had that was denied? A routine annual physical.
I worked for a health insurance company, publically traded and the executive made WAY TOO MUCH MONEY! The salaries for these “executives” who only work 1-4 hours a day, if that, is the real problem.
What do you do . Sweep the floor
I had Oscar for two months I couldn’t find a doctor within an hours drive and the ones I found had awful reviews. They also covered almost nothing so no worries about denials.
We used to have an employer based high deductible insurance a few years ago - used to joke because we paid a lot out of paycheck for insurance we couldn’t afford to use due to the high deductible AND we put OUR dollars into an HSA to pay for the doctor visits we couldn’t access with our insurance. F’ing scam. This time we pay more to have a lower deductible and at least we can use the insurance for ‘some’ things.
When we had to look on marketplace during a time of contract jobs, the rates per month for three family members were almost 2,000 a month AND 7,000-15,000 deductibles - who can afford that. Our system needs a major reform that actually helps people not corporations
This is why my wife and I no longer have health insurance. The premiums were twice the cost of our mortgage, deductibles so out of reach that we could never use the insurance except for a catastrophic health event, and the likelihood of denials is nearly 100%. We know how this game is played because we've been through it so many times in the past.
He left out "... And at the same time, me and my fat cat buddies were lining our pockets to the tune of billions of dollars.."
Bro why is she coping? Every other country has some type of nationalized healthcare system, even if it's a buy-in system, that still delivers better results than our employer-sponsored healthcare. How does it stop your heart a little bit that you don't have to pay a crap ton of money for no return?
Yes, this woman is very ignorant. She claims that her employer- insurance will advocate better in her behalf compares to insurance through the government, when the opposite is true. In fact, one of the major reasons why government jobs are in such high demand is because of the superior insurance.
She lives in a bubble and only sees two options: Her employer sets her up with health care she buys from a private insurer. Or she buys it on her own. The possibility there could be some sort of public option, being able to buy into Medicare (or Medicaid) at any age, or even an entire system that just covers everyone, period - those options never came across her mind.
Any discussion of healthcare in the United States and healthcare insurance that doesn’t include an examination of the massive greed and profits, including the corruption throughout the entire industry, is frankly a waste of time Bloomberg can do better than this
did you listen to the guy? Maybe should do that before you scream and yell. He's right on the money in terms of the actual reforms required to make the current system function better. Every company in the world is 'greedy' - capitalism works by aligning incentives so that public good is aligned with profit motive. These factors are not aligned in health, the way they are for TV's or Cars - so we get bad outcomes.
This is't hard.
Oh hey look…more out of touch rich people
Eliminate employer-sponsored insurance in exchange with government-sponsored insurance.
Make insurers negotiate with the government, which represents 350 million people.
Volume will reduce costs.
I like the idea of eliminating employer-sponsored insurance. I don't think people should have to stay at jobs they don't like just because they get health insurance. I'm not thrilled with the idea of government-sponsored insurance because that's just another thing politicians will use to rile people up just like they are now talking about Social Security and Medicare cuts. What the government provides under one administration the government can take away under another administration. I'd just like something similar to healthcare.gov or a travel website where I can compare plans from multiple companies and pick the one I want. And get rid of stupid open enrollment windows. If I need health insurance now, waiting until the next open enrollment window doesn't do anything for me.
I don't want the corrupt government anywhere near anybodies Healthcare. You trust the government to not waste your money? You are part of the problem. You don't grow the government. You shrink it. Healthcare is out of control because the government decided it needed to interfere. It was affordable way more than it was after Obamacare. I could afford it. I can't today.
@@LV-ei1ceemployers will still pay for insurance. Patients still pay monthly premiums for Medicare (government sponsored insurance). The difference is Medicare doesn’t have a profit motivation to pay shareholders and CEOs BILLIONS of dollars a year.
Everything the government touches turns to crap. You think the government can run an industry better than the private sector? Government is not the solution. Look at the VA and tell us how that works.
You must be on Medicare.....
Don't trust any CEO's promises/plans/sayings/suggestions/etc. What they say and what they do ARE two different things, and the latter is ALWAYS for their monetary benefits!
The ceos can wax poetic all they want, I fear the mob is coming for all of them.
Thank you Luigi.
As a person who had life saving surgery by single payer health care system, this discussion is a dystopian nightmare to me, but what is crazy it is real in the US. Asking a CEO who's company is the cause of the problem how to fix it is insane. Why not ask a mafia boss how a prison should be operated or how to reform the criminal code same thing. Why would he have the public interest at heart instead of the shareholders? What next are you going to interview a cartel drug lord on how to combat the opioid epidemic?
Welcome to felon trump world! Full of lies & you end up with flies!
Bertolini is absolutely wrong on all counts. He’s not in the healthcare business, he’s in the health insurance business. Companies like his contribute nothing to healthcare. They should cease to exist.
All the BS he spews is smokescreen.
Mr. Bertlolini is correct, eliminate employer sponsored insurance! This woman “reporter”, Rebecca Quick, doesn’t even know what the healthcare system is for those of us on Obamacare. It’s NOT Medicare Advantage, hun! It’s amazing to me that people with health insurance paid for by their employers are absolutely oblivious to the fact that those of us who pay for our own insurance foot the bill for their Cadillac benefits. The system needs to change!
Oscar Health, the health insurance company co-founded by Jared Kushner's brother, Joshua Kushner
Aetna, at the time my then-employer had it,w as notorious for denying claims. I had to fight for a year to get a MRI approved that I had checked would be covered before getting it. Employer--based insurance is a problem as it ties every kind of stability and thus disproportionate power to the employment field, but a bigger problem is the for-profit involvement of third parties who don't do any of the actual work--providing the medical care. To compete in the international marketplace with the many other countries who have nationalized health care, we need to do the same in this country. There is no other way to fix the broken system. The time is now. It is ludicrous to claim that the high salaries of CEOs and the denial of claims are unrelated to the problem. This is not socialism--it is just math.
Medicare for all is the answer.
Even Medicare covers only 80%. Need Medicare 100%
You don’t have to deal with Medicare Advantage (which UHC owns a big slice of). Go w Medicare A and B with a supplemental policy. In this case, the government-managed plan is better for YOU.
100%! Unfortunately Trump appointee Dr Oz is here to dismantle Medicare and switch all seniors to Medicare Advantage, which is no longer Medicare but private insurance run by UnitedHealthcare, etc. Lots of denial of care to seniors. It is not a secret that Dr Oz has been paid by private insurers to promote Medicare Advantage.
I hope that remains an option in the upcoming administration
National Healthcare NOW - Action not words
Yes we need action.🇺🇸
Luigi is not a threat to society, this CEO was. Key word "was", yay!
Where are all the politicians on this issue? They know that their policies & lobbying is an integral part of this problem.
Fix healthcare insurance? Heck no! Gut it! Get rid of it! It has no place in being the primary source of funding healthcare. We need a single payer system option. And not just any single payer option but Cadilac level coverage that would be envy of the world.
Medicare is single payer. The government just needs to give everyone the choice to go on Medicare at any age
My plan paid for a tier 5 antibiotic $2400; now i buy it overseas for $70. This is one of the reasons why premiums are so awfully high, ridiculous in fact.
Shows how ineffective insurance companies are at controlling costs. Now that they are vertically integrated they will get even worse at controlling costs. The only claim health insurers have to exist is to control costs, they have failed at that mission.
How about universal healthcare? Then employers wouldn't need to cover insurance because well, there would be no need for insurance or private bureaucrats making a money off everyone needing healthcare
We could have this if the government just allowed everyone to choose Medicare at any age.
The lady is I think paid by United healthcare. Instead of saying their denial rate is 32% she says it’s between 23 to 33%. It sounds a little bit better if you give such a large range right?
It depends on the plan, the region, and the state. In otherwords, number of claims processed for that area so they can control their profit margin.
@ 32% is their average denial rate from all plans. That means some have lower than 32 while some have higher than 32. Let me know if you think I don’t understand how average work.
Nobody knows what the precise figure is, because insurance companies aren't required to report them to the public.
@@WhiteRosez007 It's 32%
@@MBarberfan4life So it's likely worse than 32%.
Free Luigi
2:30 Instead of asking why a large portion of the population is obese and addressing it through education, they point fingers at faceless people. Pretty much sums up our healthcare system, doesn't it?
Why are there no questions comparing our system to the best of European and Asian healthcare systems?
CEO's, "Let them eat less cake!"
For-profit healthcare is a conflict of interest. It drives everything, great and small, from insurance companies to denying claims to hospitals charging $15 for a single dose of Tylenol. That's the problem. Plain and simple.
Universal Healthcare now!!!
The only solution is a public option. 😂😂 healthcare is better but life expectency is down.
Let’s hear from health care advocates and doctors NOT insurers and ceos from the healthcare mafia
The healthcare industry bought this segment. We need more Luigis in America
I'm not getting seen by Doctors, because I can't afford the premium, Deductible , the tremendous bills that will follow. In the ER , even the person that walked in to get a tissue gets their cut! This healthcare system is totally broken ! Make healthcare affordable. Make people who need health care be able to get it without having to stay ill because we're afraid of bills etc
😢
the system is working exactly how they want it. corrupt.
He's talking and his mouth is moving but he's not actually saying anything. What is he gonna say, "Single payer health care"? He's a healthcare CEO for Christ's sake. Conflict of interest means he has no credibility discussing healthcare policy at all!
Please more interviews with patients experience not corp.
A licenced reputable Dr, surgeon that has evaluated a condition and situation and prescribed a specific course of action the ins industry should not have veto power
Buddy just explained why it's so expensive without realizing it 😅.
"The doctor has to hire multiple people to sit there and deal with insurance."
That's gotta add up. Then, take the expected ROI these insurance companies have.
Corporate greed. In the 90s, a 10% yearly ROI was considered great. These days, 10% is considered to be just ok.
Property management companies used to pull 3-4% yearly ROI. Now it's 10%+.
This type of BS is why life is more expensive.
This guys security team just facepalmed “I’m going on the news”
GET RID OF PRE AUTHS!!!!!!!!!!!!!!
Interview patients! Interview the government’s own CBO about the study saying Medicare for All would save us 100’s of billions a year. MEDICARE FOR ALL!!!!!
they are not in the health care business, they are in the premium collection business, they could not care less about your health
You cant fix corruption by yourself whitout money
i ain't listening to no CEO. I dont need middlemen between my Health and Healthcare worker.
This is basically arguing for the insurance companies to be in a stronger position relative to the payers, the gall to do this when you clearly cannot be trusted in the current setup is dilutional.
Our health insurance industry has been horrible. We pay copay and monthly payment but yet they don’t provide best care nor coverage. They see customers lives as “unworthy” and milking us dry. I was so sick that I had to choose PPO for coverage but still had to fork out additional $$$$ for copay and out of pocket!!! Europe health insurance are way better than the states
America needs to focus on spending money on preventive medicine, ie prevent diseases as much as possible instead of worrying on how to pay for dialysis, insulin, heart surgery, cancer treatment, medications, etc when the patients already have the diseases. 80% of chronic diseases in the US are preventable.
Wishful thinking. No other country does that. We don't need to recreate the wheel. Literally do what every other developed country does.
First sensible comment
@@sevenfights Other developed countries don't have 40% obesity. The people can help fix healthcare by drinking water instead of soda.
@@sevenfights Look at our school lunch programs in the US. Horrible. Tons of junk including Gatorade, pizza, cookies, and processed meat and cheese. You should see how the Japanese feed their school children. Remember, food is medicine and they start young.
4:06 did she just make a case for collective bargaining?
Great that we’re having this conversation even though under a tragic circumstance
God works in mysterious ways, something/someone had to crack open this mess so it can be fixed! Those who are gone is gone forever!
@@shvsing-tb9ym You meant to say "Guns works in mysterious ways" LOL
He's ballsy to show his face online.
The guy in the white shirt is a typical corporate mouthpiece. Blame it on the patient - all about obesity. It's called victim blaming. He didn't address the issue like the first guy did. Shameful.
You mean Joe? Yeah, he’s an absolute idiot, but he strokes the right egos with his rants
Our current healthcare system can’t be fixed. It is corrupt at every level, including our politicians. We have to go with UHC.
This sounds an awful lot like our current retirement planning process. Where the employer completely washes their hands from managing a pension fund for their employees and lets them assume all of the responsibility and risk. I don't think Mark has ill intent here, but I do not think this is a good idea. This will likely lead to less people getting insured or with people making uninformed coverage decisions. I would rather have a plan provided at the average as that will cover the majority of circumstances. What is more interesting to me is a public option, but that will never happen.
We could have a public option if the government would let us select Medicare at any age.
It's clear that this network is not for the average person.
Bull puckies. The last person we should be consulting is the CEO of a health insurance company. All private health insurance profiteers should be out of business. Medicare for EVERYONE. All American should have the same level of health care regardless of their economic status. It's called equality.
Heightened chronic stress from job demands and security, healthcare and dental care insecurity as well as housing, food, car, utility bills and gas costs lead to illness. This is well researched. People are exhausted and their lifestyle choices reflect this.
Healthcare should not be in for profit business. CEOs should not earn 10 millions dollars. Thats blood money
This man is spot on especially regarding prior authorizations . They get approved for the most part. I like the idea of dropping employee sponsored plans if people can access good or better health plans like Medicare. Our company changes plans too often and it leads to lot of complications.Them when things finally settle down prices rocket up and we back to the same provider we had 4 years ago. We have 3 employees in HR dealing with insurance issues. Crazy.
Yep, if the Government would let us choose Medicare at any age all these problems would go away
Every one of these people are lying and dancing around the real issues
Healthcare changed? How about a public healthcare system like every other advanced economy. Lower cost, better care and no out of pocket cost.
Why can’t you also interview the customers (also known as the patients)???
Might be anecdotal but how is it possible that employers have the same or less negotiating power than the individual? My company went through a merger and the new employees are on our plan and our premium was reduced for 2025. The problem I see and people complain about are your rates of denial!
Aetna is one of the worst insurance! They deny care ! I had personal experience 😢
Patient had tracheostomy and denied sub acute placement! The case manager said it’s family ‘s responsibility
There is a Bible story about a sick woman. All her spare earnings went to medical to try to fix her but they left her poor. It took touching Jesus’ robe to heal her. Seems like you don’t have answers but are so willing to rob the sick blind-modern day crucifixion-keep them in pain or early death? Same thing they did to Jesus too. The man talking of obese, did you study why people are obese or do you blame the patient for it? Overrated & overpaid fat people shouldn’t call the kettle black. Joe schmo probably can only afford spam & hotdogs-is that your diet too? I hear extreme poor dumpster dive for food-do you? Then you want to reduce anesthesia during surgery (heard it was reversed once that CEO’s life was taken); that’s like telling people no surgery for you. Something is wrong in America & congress needs to step it up to fix it? I appreciate my insurance company but I put my faith & trust in God. God bless the suffering and have mercy on the rest.
FINALLY A CONVERSATION
Thanks to CNBC for real journalism,wish you guys were covering healthcare as much as rate cuts!
Yes please. More interviews from PATIENTS! No one cares about rich CEO’s running their mouths and faking surprise that patients have been treated like trash, are unhappy with their care and dying because of it. I feel fortunate that I’ve had a very favorable experience with Oscar Health. Now I’m being forced to take Medicare which is no where near as good and doesn’t cover 1/2 as much, and is attached to United Healthcare. And Medicare is way more expensive to get the comparable coverage I received from Oscar. We elderly literally have no choice. 🤨
Certainly you must be referring to Medicare Advantage, which is NOT Medicare. Medicare is superior to any private policy, including Medicare Advantage. Companies shouldn't be able to call their policies Medicare Advantage because it confuses people. Medicare Advantage IS NOT Medicare.
@ I understand. I can’t afford traditional Medicare. Even if I could, they do not cover my therapist.
Insurance CEOs should be interrogated by the FBI, not by mass media spin-doctors. All insurance types should pay attention
@4:00 "at least I have an employer than can argue for the mass of us . . . but if I'm out there on my own there wouldn't be any protection" She's unwittingly just made the argument for UNIONS :)
It is, in no way, a lifestyle problem.
The problem is that we pay taxes, but the government doesn't give us health insurance in return.
The government also refuses to keep food corporations from poisoning us by cheapening their food products.
FREE LUIGI!!!!!!🇺🇸🇺🇸🇺🇸
Ummmm ... We have the best healthcare system? Ummm bud we rank last. We rank near last in happiness.... Bunch of ppl who never struggled in life aside from sitting on the toilet. No privae healthcare like the rest of the developed world... Aight man.... Keep this up
Its when the new united ceo said we have only been turning the company better and better each year 😂😂 (the succesful denial rates of 8% to 36%) to the people that means worse and worse but those rich people are ignoring our pleas again
Nobody condones murder but the Healthcare industry needs to read the room! No more denials!!
She would argue that since 1984, health care has gotten better?!!! Nice to be amongst those who are treated fairly! Another problem with these talking heads. They have no clue how normal Americans live!
The fact that his is not THE number one issue when it comes to US elections is baffling.
Just remove the profit motive. Health insurance should not be allowed to be for-profit companies.
Yes 🙌 FREE LUIGI ❤ - He stands for How fed up We are with the FOR PROFIT health care system and grotesque treatment of human life for BIG PHARMA to Benefit
Was the weapon used a huge wooden mallet? They might have the wrong Luigi.
Employers have known for 30 years that if they aren't the ones to get to offer health insurance for less than individuals could buy it for, then their employees would jump ship more often. That is why they really don't mind offering it to some of their workers.
# freeluigi
100% agree with this guy. Insurance being tied to employment is the root cause because of the Nixon freeze act.
We don't have the best healthcare! You might. If you have the money to pay, you have great healcare. Americans do not. I don't like employer sponsored care but how would I fight the healthcare company to cover something without them?
Severing the tie between employment and health care is an excellent first start.
CNBC is so full of it. Next they're going to be asking an alcoholic on how to stop drinking.
Ask Ben Aflac? lol