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The 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 re
by zdragnar 2y ago
The 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]