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And yet, it was groundbreaking when it was signed into law. People received refund checks after it went into effect.

• FireBeyond 9y ago
  And immediately after, administration costs shot up to ooh, 15-20%...
  • dv_dt 9y ago
    Yes, I suspect it ends up as something of a perverse disincentive to control costs
  • ethbro 9y ago
    They were already above that. Especially the not-for-profits (e.g. Blues) had to scramble to get under the cap. There was a huge amount of waste in the system. 15-20% is a marked improvement.