US medical insurance companies are currently incentivized to create a *very* expensive system of care The ACA's 80/20 rule dictates that all administration + profits be <20% of premiums. Rising premiums mean higher profits, but premiums can't rise unless medical costs do
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Replying to @webdevMason
Thanks for pointing this out. I'm going to tell everyone I know whenever this comes up. Unbelievable that this doesn't get brought up during debates
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Replying to @MichaelKogan14 @ccachor2
What it's done is strengthen a preference for raising premiums over gaining customers, as the marginal admin costs of the new customer *necessarily* eat fully from the pool for potential profits... in a regulated oligopoly scenario w/ little competition & strong barriers to entry
9:21 AM - 31 Aug 2019
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