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Insurers used to make their money that way. But now that US health care insurers are required to use at least 80% of premiums to pay health care costs, they've
by Uvix 3y ago
Insurers used to make their money that way. But now that US health care insurers are required to use at least 80% of premiums to pay health care costs, they've lost the incentive to keep prices low. Increasing their profit now requires paying out more in claims.
- nojito 3y agoNot really true. United's long play is with medicare advantage. They plan to add an insane 450k new members by 2024. https://www.forbes.com/sites/brucejapsen/2023/11/28/unitedhealth-group-to-eclipse-400-billion-in-revenue-next-year/?sh=39afb61956a2 https://www.forbes.com/sites/brucejapsen/2023/11/28/unitedhe... https://www.healthcarefinancenews.com/news/unitedhealths-medicare-advantage-growth-below-expectations https://www.healthcarefinancenews.com/news/unitedhealths-med... This is a great example why United was the sole insurer who was able to absorb the Medicare cuts while everyone else is shedding their MA exposure.