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View Diary: John Boehner: Let's gut Obamacare in deficit reduction (172 comments)

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  •  To what controls do you refer? (0+ / 0-)

    The only ones I'm aware of have to do with the ratio of payouts to premiums, and that has a tendency to increase costs, not reduce them.  It places insurance companies in the same position of regulated monopolies.  Working on a cost-plus basis, the only way to increase your profit is to increase your cost.

    LG: You know what? You got spunk. MR: Well, Yes... LG: I hate spunk!

    by dinotrac on Wed Nov 21, 2012 at 01:04:36 PM PST

    [ Parent ]

    •  Any insurance (0+ / 0-)

      company that tries to raise rates more than 10% in a year will be challenged by Governors and have to show why they have to do so.

      •  10% in a year is a control? (0+ / 0-)

        Well, now that I think about it, it might be.

        Our coverage went up nearly 25% in one freakin' year, and we've got the bottom scraping $5,000 deductible plan.

        Still, that's pretty sad when you think about it:
        at at time when inflation is nearly nil, it takes a 10% increase to get anybody's attention.

        Sure wish I could get a ten percent raise.

        LG: You know what? You got spunk. MR: Well, Yes... LG: I hate spunk!

        by dinotrac on Wed Nov 21, 2012 at 04:18:45 PM PST

        [ Parent ]

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