Middleman’s Profit Illustrates System Flaw
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Re: “Wellpoint Profit Increases 64% From Year Earlier” (Feb. 11):
This is the problem with the health-care delivery system: An insurance company, among the best performers in the managed-care industry, made $703.1 million in 2002.
An ideal system would have no one between the patient and the provider (doctors, hospitals, etc.) taking a huge slice of the medical-care pie, $17.3 billion in 2002 revenue to be exact.
A nonprofit single payer is the answer to this ridiculous arrangement.
B.L. “Bud” Fink
Carpinteria
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