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When profits kill: The deadly cost of treating healthcare as a business - Raw Story

UnitedHealthcare — the health insurance company with, reportedly, the highest rate of claims rejections (and thus dead, wounded, and furious customers and their relations)

Consider health care, which in almost every other developed country in the world is legally part of the commons — the infrastructure of the nation, like our roads, public schools, parks, police, military, libraries, and fire departments — owned by the people collectively and run for the sole purpose of meeting a basic human need.

If UnitedHealthcare’s main goal was to keep people healthy, they wouldn’t be rejecting 32 percent of claims presented to them.

massive profit ($23 billion last year, and nearly every penny arguably came from saying “no” to somebody’s healthcare needs)

It’s why its deeply idiotic to say, as Republicans have been doing since the Reagan Revolution, that “government should be run like a business.” That’s nearly as crackbrained a suggestion as saying that fire departments should make a profit (a doltish notion promoted by some Libertarians). Government should be run like a government, and companies should be run like companies.

Given how obvious this is with even a little bit of thought, where did this imbecilic idea that government should run like a business come from?

Turns out, it’s been driven for most of the past century by morbidly rich businessmen (almost entirely men) who don’t want to pay their taxes.

Rightwing billionaires who don’t want to pay their fair share of the costs of society set up think tanks, policy centers, and built media operations to promote their idea that the commons are really there for them to plunder under the rubric of privatization and efficiency.

In 2022, citizens of the United States spent an estimated $12,742 per person on healthcare, the highest among wealthy nations. This is nearly twice the average of $6,850 per person for other wealthy OECD countries.

Over the next decade, it is estimated that America will spend between $55 and $60 trillion on healthcare if nothing changes and we continue to cut giant corporations in for a large slice of our healthcare money.

On the other hand, Senator Bernie Sanders’ single-payer Medicare For All plan would only cost $32 trillion over the next 10 years. And it would cover everybody in America, every man woman and child, in every medical aspect including vision, dental, psychological, and hearing.

Despite insanely higher spending, the U.S. has a lower life expectancy at birth, higher rates of chronic diseases, higher rates of avoidable or treatable deaths, and higher maternal and infant mortality rates than any of our peer nations.

Essentially, UnitedHealthcare’s CEO Brian Thompson made decisions that killed Americans for a living, in exchange for $10 million a year. He and his peers in the industry are probably paid as much as they are because there is an actual shortage of people with business training who are willing to oversee decisions that cause or allow others to die in exchange for millions in annual compensation.

Australian hot rock geothermal energy is back on the agenda, to the excitement of enthusiasts who led the last wave of companies 15 years ago, and perhaps consternation and regret to those who lost their shirts when these failed.

The reason why the concept is back on the agenda is due to new drilling techniques developed by the shale oil and gas industry, according to Graeme Beardsmore, University of Melbourne fellow and shareholder in one of the revived Australian geothermal companies.

“There are projects underway right now that are adapting shale drilling techniques for geothermal,” he told Renew Economy.

“Back in the last wave of geothermal enthusiasm in Australia, none of this would be possible. [Shale techniques are] game changing potentially for the kinds of projects that were attempted in Australia 15 years ago.”

Today, ASX-listed Earth’s Energy is dusting off the South Australian Paralana hot rocks project, once owned by Petrathem before being shelved in 2014, and the Flinders West project previously owned by GreenRock, and exploration tenements in Queensland stretching from Gold Coast inland to Roma.

Groundbreaking Energy has licences to explore the old Panax Geothermal tenements in the Otway Basin in Victoria, where that company had its Salamander and Penola projects.

And a company calling itself Solutions Energy is claiming the former KUTh Energy tenements in Tasmania, although the official applicants for these licences are entities called Lemont Geo Lithium, Fingal Energy, and Hunter Valley Geothermal Energy for a Hunter Valley exploration area.