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Occam's razor is a better fit here. In a world where they have to return any cost savings to the insured, what is the incentive to reduce costs?
by Consultant32452 9y ago
Occam's razor is a better fit here. In a world where they have to return any cost savings to the insured, what is the incentive to reduce costs?
- maxerickson 9y agoIn theory, competitive rate setting for premiums. Hasn't worked out that way in many places though.
- Consultant32452 9y agoThis is the fundamental flaw in the ACA. It did nothing to increase competition. In fact, increased regulation pushed some competitors out of the market. I can't tell whether this was a fool's errand or an intentional destruction of the market, pushing us towards socialization.