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That only applies to the individual market, not employer insurance (small and large group. Higher medical expenses don’t help. It only creates higher premiums,
by robbiemitchell 9y ago
That only applies to the individual market, not employer insurance (small and large group.
Higher medical expenses don’t help. It only creates higher premiums, which members then blame on greed.
There are plenty of legitimate problems with providers, drug laws, and insurers. But insurers definitely don’t benefit from higher expenses.
- Retric 9y agoActually systemic higher costs do help. An older industry analysis found insurance to be competitive so they only way to grow profits for the industry was to grow costs. The trick is for insurance companies to find ways to get other insurance companies to pay more even if they have to also carry those costs. AKA, 10% of 2 trillion is more than 10% of 1 trillion.