- 10,116
- Maryland, USA
- swift-bass
I would argue that most companies are more concerned about public image then the government. I say that because without the public support, most companies can't survive. So, while they do of course keep the bottom line in mind when determining what to pay for(the insurance company not employer) too many denials and people will get wind of that and split. How can you get off the government plan when there is nothing else?Because ideally, they would have to provide a service that meets a set standard - in theory a set standard voted for by the public, not to mention any decisions would be taken (again, ideally) in the best interests for keeping the organisation running and providing a service.
Granted, the government has never shutdown a welfare-like program, they just make them so they keep the people they "help" in the same position.Whereas an private company has no duty to the public, it is driven by profit. If a part or all of its services are not profitable it can choose to completely shut down those services - something that perhaps government-run services cannot do (or rather, finds more difficult to do).
There are pros and cons for both sides, a private company has the prospect of competition that drives services to improve and beat each other on quality whereas a government organisation does not need to improve, only match the public's lowest expectations.
Ok, this link here:
Percentage of Denied claims by company/
Granted it's a few years old. But guess what? Medicare was at the highest percentage just above Aetna. It is conventional wisdom that the government would be more "compassionate" then a private company. But the numbers don't bare that out if you consider denials a lack of compassion.