3 ms·
And an awesome example of unintended consequences. Now the only way to increase your profit as a insurance company is to spend more - so there is no incentive f
by jordanthoms 13y ago
And an awesome example of unintended consequences. Now the only way to increase your profit as a insurance company is to spend more - so there is no incentive for them to bring the costs they pay down.
Writing laws that mess with markets without just making everything worse is _hard_.
- IanCal 13y ago> Now the only way to increase your profit as a insurance company is to spend more Or get more customers, or lower costs. If they start charging more, then unless there is collusion or price fixing, wouldn't people move to a cheaper plan?
- yardie 13y agoWhen it comes to insurance "profits" I think the public is less than concerned. This will be a problem for incumbents but I'm fairly sure some new upstarts (the other part of ACA was lowering the barrier to entry) will find a way to make money off that 20%. And finally, you can always run your company as a non-profit, like Kaiser.