Why the insurers will not stop this?

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  • Wed, Sep 22, 2021 - 07:29am

    #1
    The Finn

    The Finn

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    Why the insurers will not stop this?

I humbly request some advice from the PeakProsperity tribe.

As most of you, I have been following this for over a year now, and I think I understand quite well most of it: the suppression of early treatment, captured regulators, big pharma profits, EUA/CMA, censorship, disinformation campaigns, etc. All logical.

There is one area that does not add up in mind. Why the health insurance industry in the US does not demand treatment such as ivermectin to be used? They pay the exorbitant hospital bills for the current standard of Covid-19 care. Why their shareholders do not revolt and file class actions suits, for example?

Any answers, ideas or hypothesis on this issue? The dynamics is different outside of US, of course. I would need some help to understand what drives the US system to behave the way it currently does.

Thank you very much in advance.

 

  • Wed, Sep 22, 2021 - 08:28am

    #2
    Kathy

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    Why the insurers will not stop this?

Because the taxpayers are picking up the tab, especially in the elderly.

My understanding is that hospitals got a payout from the federal government for each Covid case and more if they went on a ventilator.   Medicare 65+ and Medicaid are government funded as well.

In the land of follow the money, I wonder if some of these hospital systems are working the system.

  • Wed, Sep 22, 2021 - 08:43am

    #3

    Jim H

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    Why the insurers will not stop this?

What is the cost of each case of hospitalized myocarditis?  $100K?  And that is but the tip of the tip of the iceberg of costs associated with vax damage.. countless ER visits, scans, tests, and doctor appointments.  This has to be obvious in their data feeds….

  • Wed, Sep 22, 2021 - 11:53am

    #4
    Dontknownothin

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    Reply To: Why the insurers will not stop this?

I have been asking myself this same question. And as Kathy says, it most likely has to do with the federal government picking up most of the bill. I’m sure their calculus says that the vax kills most of their high cost insured patients. More comorbidities leads to more hospital visits and more cost for the insurers. If the vaccine causes predictable death to their highest expenses then profits should increase.

Admittedly, this is not an adequate explanation as it means the insurance company has at least some “back of the envelope”, “kentucky windage” ideas of how many people they would expect to die, and the number of actuaries that would be complicit in that knowledge would be unreasonable.

Even profits, with that sort of foreknowledge, makes a poor excuse since a declining population (regardless of which end of the insureds scale they fall on) means they lose revenue even as they increase profit margins. So profits is a very short term perspective, unless they collectively believe the ship is already sinking and are ripping planks off the hull in an effort to cling to the driftwood.

I favor the “not our problem yet” attitude as the simplest explanation. No business operates efficiently when simply reacting, and I can’t believe logically this would be their perspective, but I have also seen some rather illogical business practices and attitudes that follow that very line of thinking on many other occasions. So I can’t say that isn’t the reality.

  • Wed, Sep 22, 2021 - 02:25pm

    #5
    nordicjack

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    Why the insurers will not stop this?

bail outs for everyone – especially the top execs – that have the control and say.

  • Wed, Sep 22, 2021 - 03:10pm

    #6
    isjrb029

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    Why the insurers will not stop this?

Maybe because the government is currently paying the bills.

 

  • Wed, Sep 22, 2021 - 03:46pm

    #7
    Primary Care_MD

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    Why the insurers will not stop this?

I’m guessing most large corporations, including insurers, are deeply in debt. When TPTB reset the currency, the CEOs and corps that played ball will have their debt erased. Plus, they’ll get a warning when its time to sell their stocks.

  • Thu, Sep 23, 2021 - 02:18am

    #8
    The Finn

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    Why the insurers will not stop this?

Thank you very much for all the answers and ideas so far!

This is a fundamental issue as the US is probably the place where the players have calculated this out. The rest of the western world is then following from the medical perspective what the US does, even though their health care structure and calculations are totally different. In public healthcare countries they do not calculate.

I pulled some raw numbers:

Hospitalizations 2,920,532 Total New Admissions (CDC).

ICU admission was estimated to take 2.3 days from hospital admission and ICU patients were estimated to spend an average of 18.9 days in critical care. (Google)

The median charge amount for a COVID-19 hospitalization ranged from USD 34,662 for patients ages 23 to 30, to USD 45,683 for people ages 51 to 60. (Houston Chronicle)

Covid-19 hospitalization costs so far would then be 3 million * 40 thousand = USD 120 billion.

The Health & Medical Insurance industry market size in the US, measured by revenue, of the Health & Medical Insurance industry is USD 1.1 trillion in 2021. (IBISWorld)

Person is admitted to the hospital for – if they’re Medicare – typically, the diagnosis-related group lump sum payment would be $5,000. But if it’s COVID-19 pneumonia, then it’s $13,000, and if that COVID-19 pneumonia patient ends up on a ventilator, it goes up to $39,000. (USA TODAY News)

So it seems that the US government is indeed paying for most of it and the total Covid-19 costs are rather small anyway. Are we missing something?

 

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