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I'l give Trump credit here
They don't personally vet them. No time.
Since Obamacare tied insurance profits to the amount spent on healthcare, I suspect that healthcare spending spiked tremendously with lax and loose medical policies designed to overspend on needless care and useless care, as well as care that’s not going to help anything. Because that 20% of revenues they’re allowed to keep as profits becomes a larger number as revenues go up!
Really, it was a shitty way to organize it, and achieved the exact opposite of the stated intent: to keep insurers from overcharging.
"The head of the Centers for Medicare and Medicaid Services said consumers need greater transparency about health-care prices up front."
Won't hurt anything, but won't help either.
Quigley says
Since Obamacare tied insurance profits to the amount spent on healthcare, I suspect that healthcare spending spiked tremendously with lax and loose medical policies designed to overspend on needless care and useless care, as well as care that’s not going to help anything. Because that 20% of revenues they’re allowed to keep as profits becomes a larger number as revenues go up!
Really, it was a shitty way to organize it, and achieved the exact opposite of the stated intent: to keep insurers from overcharging.
So that's why insurers spent so much money fighting the 80/20 rule Their profits were going to go up. Amazing what you learn on patnet. I am really impressed at all the detailed research presented giving an in depth look at the economics of this issue. Bravo.
"The head of the Centers for Medicare and Medicaid Services said consumers need greater transparency about health-care prices up front."