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There is plenty of obscene profit generated in the US healthcare industry, but not within the insurance segment. Currently, health insurers are the only segment
by e1g 4y ago
There is plenty of obscene profit generated in the US healthcare industry, but not within the insurance segment. Currently, health insurers are the only segment where profits (and “admin costs”) are directly capped via the ACA's MLR rules. The blame game should aim at the rest of the industry (e.g. hospitals, device manufacturers, pharmaceuticals).
- ceejayoz 4y ago> Currently, health insurers are the only segment where profits (and “admin costs”) are directly capped via the ACA's MLR rules. Capped at a percent of premium revenue, which gives them the perverse incentive to raise healthcare costs so their 20% maximum cut gets bigger.