“The for-profit health insurance situation in America is an embarrassment and a disgrace.Â We need to provide as a country basic and essential health insurance coverage for all Americans, without the profit motive.”Â – Dr. Joseph Scherger
I’m not sure if I’ve said this on my blog, but I’ve said it in real life. I think it is ethically and morally wrong for parties who provide no service to make money on healthcare (or the denial of it). The corporate structure simply does not work in the context of healthcare.
When the primary managers of insurance companies and hospitals areÂ investors, they are more worried about profit motive than humanitarian action. They tend to do two things: hire more administrative managers to ‘keep down’ costs and maintain corporate protocol or whatever. (I’ve seen it happen in other companies that transition from private to corporate.)Â And then they require not just a profit margine, but growing profits! This is especially true of public corporations.
Businesses that are public corporations cannot have ideologies that put the customer first. They have become dependent on capital fromÂ parties whoÂ do not care what they are doing, onlyÂ how much money they are making and further, if the company will make even more money later on.Â What happens is thatÂ profitÂ becomes the product that the company is selling.
When this is paired with things that are directly connected to the quality of life of the customers,Â it will degrade that quality. It creates a state in which people are profiting off the suffering of others. And that is wrong.