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The assumption by insurance commissioners (elected officials) is that private insurance will result in better outcomes in the long term, and profit margins are
by chris_va 2y ago
The assumption by insurance commissioners (elected officials) is that private insurance will result in better outcomes in the long term, and profit margins are regulated and this is the will of the voters.
... Now that doesn't mean it is true, and health insurance in the US is completely broken, but it is not at all obvious who is at fault here.