"passing on such savings to consumers"

Absolutely not. They inflate prices by 200% and then give you 20% "savings" back. The whole idea of a health insurance company as publicly traded corporation is totally insane. They are designed to extract maximum profit from wherever they can get. The is no incentive to save money for patients. Any savings go to shareholders.

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lotsofpulp 20 hours ago | parent [-]

There are plenty of health insurers that are not publicly traded, and in fact are non profit, and yet they have the same premiums as the publicly traded ones. See Kaiser, Providence, Cambia, Regence, and the dozens of other BCBS affiliated plans.

If your claims were true, then the publicly traded businesses would have no customers.

	▲	Buttons840 18 hours ago \| parent \| next [-]
		> There are plenty of health insurers Yeah. And they all ultimately have to be paid by my health premiums. When I visit my parents, and they have the TV on, and I see 3 90-second advertisments for prescription drugs every single commercial break, I remind myself that, no matter what, we have to keep funding these commercials. Whatever the US decides to do for healthcare, I guarantee these commercials will continue to be paid for. I also guarantee that pharmacy company executives, and insurance company executives will continue to make millions of dollars a year. We have to keep paying them as well. The huge bureaucracy of insurance workers who decide what is and isn't approved, that all will have to be paid for as well. I used to work for a company that did background checks on doctors, we had different customers in every state, every state had their own companies and their own system for maintaining and verifying doctors licenses. These different companies in each state have to be paid. I made good money as a programmer doing background checks for these various companies and my paycheck also ultimately came from your medical premiums. I think we need to stop and appreciate the patriotic duty we all have to pay high premiums and medical costs, because every time we do we're propping up a huge portion of US workers. -- Just kidding. The truth is a lot of companies need to go out of business before things get cheaper.
	▲	vjvjvjvjghv 18 hours ago \| parent \| prev [-]
		I would argue the non profit insurers are as profit oriented as the publicly traded ones.