As a consequence of an extremely long bus trip with really only Twitter to keep me company, I wound up reading a lot about politics and the health care plan.
Here's my question to the insurance companies losing money on individual policy plans: Are you losing more than you are otherwise making, or is the amount you are losing a negligible percentage of profits? Because here's the deal, if I make $11 an hour, and I know that $2.50 is taxes, $5 dollars is rent and utilities, $1 is owning a car, and another $1.50 is debt, I need the other dollar to eat and buy clothes and <strike>otherwise stimulate the economy</strike> live my life. OK? I might be able to toss you sixty cents, maybe, but if you want $3? I can't do that. Change up any of those variables and tell me where I can find that $3. Because I think to do it, I have to make $14.
So, health insurers, are you making 11 dollars an hour and can't give sixty cents to the people who are asking for it? Or are you making $20, putting money in the bank and thinking, "Damn, I could save a lot more if I wasn't spending $2.10 <strike>buying all that avocado toast</strike> supplying people with health care."
I get it, you want to make money, you're a business. Maybe it's because I work in non-profit... OK, it's totally because I work in non-profit, but I feel like if I were in a position to lose a percentage of my income on something important to me (like, the health of my members?), that doesn't hurt me. So when you tell me you're losing 3 million a year, I can be sympathetic to that... if that's 6% or more of your income. And maybe it is, but you're not telling me that, you're telling me you lose 3 million a year. If 1.6 million Iowans, or their employers, are paying an average of $500 for their insurance, you're making 800 million. It's awesome that over 680 million goes right back to providing care. Awesome; I really hope you're working with drug companies and medical providers to make sure that those costs are reasonable for you. Because nobody should have to pay an outrageous amount for health care.