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The problem I'm afraid isn't the 6% margin, but the regulations that inhibit a truly competitive insurance market. To start with, state-based insurance is a leg
by pishpash 7y ago
The problem I'm afraid isn't the 6% margin, but the regulations that inhibit a truly competitive insurance market. To start with, state-based insurance is a legacy that makes no sense today.
I'll gladly pay 6% if insurance companies went to bat on cost instead of half-colluding with providers, and innovated.
- didibus 7y agoI agree with you, I believe there are even laws in place that prevent Medicare and Medicaid from negotiating on price. We're far from a free market utopia here. I'd be curious to hear some of the rational our downvoters have for downvoting us, hopefully some will leave a reply doing so.