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I wonder if the people afraid of industry pressure were hoping to get a job in the industry at a later point? Not sure why they would care, otherwise.
by readthenotes1 2y ago
I wonder if the people afraid of industry pressure were hoping to get a job in the industry at a later point?
Not sure why they would care, otherwise.
- markus_zhang 2y agoOr maybe their lives or political lives, being cynical.
- rqtwteye 2y agoThe politicians and political appointees on top of the agencies need to keep the sweet lobby money flowing and they are also probably scared of an ad blitz by the industry against them. Once you have enough money (like many Super PACs), you don't even need to deploy the money. The threat alone is enough.
- zdragnar 2y agoThe less cynical answer is that the insurers would simply stop offering Medicare advantage plans at all, and the people who run the programs don't want to be responsible for the mess. Passing the buck is basically in the job description for a lot of government work, especially but not limited to elected positions.
- rafram 2y agoAnd yet insurers aggressively push people toward their Medicare Advantage plans. I doubt they’re doing that out of charity.
- murderfs 2y agoThat's not that surprising because the margins on insurance plans aren't all that high. The percentage of each dollar of premium how much insurance companies have to spend on medical care (aka "loss ratio") is mandated to be at least 85%. Relatively small percentage changes in the premium they bring in can make them go from being the most profitable plans they have to not being worth having at all. (This is generally true across the insurance industry: you can see other examples of companies pulling out because of relatively small changes with home insurance companies leaving California and Washington)
- deleted 2y ago[deleted]