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Is that why healthcare costs are up, or is it because of the insurance mafia?
by midtake 5mo ago
Is that why healthcare costs are up, or is it because of the insurance mafia?
- jimbokun 5mo agoIt’s the doctors. Insurance company profit margins are capped by law and if anything their incentives are to pay the hospitals less. US physician salaries are astronomical compared to anywhere else in the world.
- christophilus 5mo ago[dead]
- cpburns2009 5mo agoProfit margins are capped by percentage. That creates the perverse intensive for insurance companies to pursue ever increasing costs in order to increase profits.
- ars 5mo agoYou are forgetting about competition, increasing costs means directly increasing premiums, and higher premiums means lower business.
- cpburns2009 5mo agoWhat competition? When enrollment comes around or you switch jobs you get maybe two insurance providers to choose from.
- jimbokun 5mo agoBut they don’t do this. They fight tooth and nail to keep the claims paid to doctors and hospitals low.