Uh oh. Insurance rates are about to go up again. Why? Because that’s what they do. In the age of computer efficiency and worldwide interconnected networking, large bureaucracies have figured out how to parlay technological efficiency into more profits.
Make no mistake. HMSA, Hawaii’s leading HMO, is a bureaucracy. Despite legislation and seemingly altruistic motives, they’re in business to do one thing– perpetuate money making.
Some may say that HMSA loses money from time to time, right? Right. But did executives take a pay cut, trim salaries, cut expenses, or get a pay raise with a bonus? Did they layoff a few hundred employees?
Uh uh. See?
When things get tight, they just raise their rates. Think of HMSA and other HMOs as public utilities for health care.
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