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> This is not correct, as I understand it. Under the ACA (Obamacare), health plan providers had to ensure that at least 80% of premiums were paid out for patien
by jfk13 8y ago
> This is not correct, as I understand it. Under the ACA (Obamacare), health plan providers had to ensure that at least 80% of premiums were paid out for patient services. That leaves 20% for overheard, including profit and compensation.
Doesn't this imply that it's in the interest of health plan providers for patient services in general to be as expensive as possible? That means premiums will have to be correspondingly high, and the 20% available for profit and compensation will be larger.
- acomar 8y agoRight, they have less incentive to negotiate for lower rates, because higher rates mean higher premiums, and higher premiums mean higher executive compensation.
- mrguyorama 8y agoThat's been one of the biggest complaints about Obamacare, yes. Other than the "I shouldn't have to pay for my neighbor's wellbeing" complaint
- gowld 8y agoHow is an 20% cap worse than no cap? Obviously if this scam works it would also work with less regulation.
- Sohcahtoa82 8y agoYup. The ACA failed to address the core problem that the hospitals are charging exorbitant prices. Trying to make health insurance affordable is a fool's errand as long as hospitals can charge whatever the hell they want.