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It also encourages healthcare price increases, since the best way for them to increase profits becomes increasing revenues, rather than reducing costs
by johngladtj 4y ago
It also encourages healthcare price increases, since the best way for them to increase profits becomes increasing revenues, rather than reducing costs
- lotsofpulp 4y agoThe fact that they settle for sub 5% profit margins means they individually do not have the pricing power to do that. Clearly, a competing insurance company will steal business via lower premiums. I suppose one could assert they are all in cahoots and have a secret deal to accept low single digit profit margins to keep out of the news cycle, while simultaneously agreeing to pay healthcare providers more and more each year, but I would want proof.