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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From The Drive w/
@PeterAttiaMD, explaining why your insurance company is happy to pay $1000 for a drug that the manufacturer will accept $300 for if you pay directly. You wind up paying the difference in your premiums.2 replies 7 retweets 47 likesShow this thread -
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Replying to @fuehrerking @PeterAttiaMD
#68 with @MartyMakary: https://peterattiamd.com/martymakary/
Who also wrote a book about this sort of thing: https://smile.amazon.com/Price-We-Pay-American-Care/dp/1635574110 …
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