This really puts a hole in “they aren’t curing cancer because it’s not profitable” argument. Insurance companies love cures because it’s a lot cheaper for them to pay once than for ongoing treatment, when the only thing you’re paying is the premium (and copay or whatever).
Assuming they actually pay for treatment, which they will often try to avoid in as many ways as possible. Even delaying treatment is successful for insurance companies, as by the time all the paperwork is sorted and an insurance company finally agrees to pay for treatment, it can be too late.
What insurance companies love is not paying out money - for treatment or a cure.
49% reduction, customized to patient’s cancer, and $200k.
Cancer treatment can cost a lot more, so here’s hoping.
This really puts a hole in “they aren’t curing cancer because it’s not profitable” argument. Insurance companies love cures because it’s a lot cheaper for them to pay once than for ongoing treatment, when the only thing you’re paying is the premium (and copay or whatever).
Assuming they actually pay for treatment, which they will often try to avoid in as many ways as possible. Even delaying treatment is successful for insurance companies, as by the time all the paperwork is sorted and an insurance company finally agrees to pay for treatment, it can be too late.
What insurance companies love is not paying out money - for treatment or a cure.
no one said cure.
Cure is the most abused term in medicine.