When is health care = "medical loss" ?

http://economistsview.typepad.com/economistsview/2009/07/paul-krugman-an-incoherent-truth.html

Beezer says...

Any organization that considers providing medical care a "loss" is not worthy of being anywhere near medical care delivery.

The health insurance industry calls the amount of money spent on actual care the "medical loss ratio."

The entire corporate effort is one aimed at reducing this "loss ratio." In 1990, the loss ratio was often 90% of total revenue. It's now more often below 80%.

The less medical care delivered the lower the "loss ratio" the greater the profits for the corporation.

If one doesn't undersand how vile that formulation is then one is hopelessly confused, or being paid to look the other way.

Posted by: Beezer | Link to comment | Jul 27, 2009 at 05:52 AM