sorry, chadgpt destroyed you, bud. > claim 1: "healthcare system profit margins are 3.3%." this figure is likely cherry-picked to downplay the profitability of for-profit healthcare. while 3.3% might represent average overall profit margins across the healthcare industry (including nonprofits and lower-margin segments like hospitals), it does not reflect the reality for sectors like pharmaceuticals or health insurance, where margins can be significantly higher. for example:  -pharmaceutical companies often see profit margins between 15-20%, with some even higher. for comparison, the average fortune 500 companys margin is around 10%.  -health insurers consistently report margins upwards of 6-8%, which sounds small until you realize these companies handle hundreds of billions of dollars, making their profits immense in absolute terms. profit motives in these sectors drive higher costs for patients and insurers and dont necessarily lead to better care. its deceptive to lump all healthcare entities together and present the lowest margin as representative of the whole industry. > claim 2: "administrative costs are 8% of the cost structure to administer health services." this figure is wildly misleading. in the united states:  -private insurers have administrative costs averaging 15-25%, which includes marketing, underwriting, profits, and executive salaries.  -by contrast, medicare (a government program) operates at 2-4% administrative costs, according to numerous studies. the poster assumes that government healthcare would have higher administrative costs, but existing evidence strongly refutes this. countries with government-run systems (e.g., canada, the uk) routinely have far lower administrative overhead than the u.s. because they eliminate many inefficiencies inherent to a for-profit system, such as advertising, shareholder dividends, and complex billing systems designed to maximize profit.
United States