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> require health insurance companies to spend 80-85% of their premiums on claims and healthcare > enormous increase in administrative overhead Do you see the
by User23 2y ago
> require health insurance companies to spend 80-85% of their premiums on claims and healthcare
> enormous increase in administrative overhead
Do you see the problem here?
As an outsider it's hard to say, but clearly there is some ginormous loopholing going on here.
I haven't found much in the way of details, but apparently one of the reasons why insurance companies are buying up medical practices is because it enables accounting dipsy-doodle to avoid the healthcare spending requirements.