Skip to main content

View Diary: NY Times: Health Insurers Raise Some Rates By Double Digits (28 comments)

Comment Preferences

  •  Diary ignores ACA's impact and math (0+ / 0-)

    Insurance companies are now required to spend 85% of premiums on healthcare for groups and 80% for individuals.

    So unless insurance company's were previously spending over 95% of premiums on healthcare before ACA, the increase in premiums now is overwhelmingly due to higher spending on healthcare per insured person.

    The most important way to protect the environment is not to have more than one child.

    by nextstep on Sun Jan 06, 2013 at 09:37:19 AM PST

    •  Fair enough, but read Wendell's column and (1+ / 0-)
      Recommended by:
      slinkerwink

      tell me what you think: http://wendellpotter.com/...

      •  Wendell writes with very limited understanding (0+ / 0-)

        of how markets work.

        For example, he writes that an unintended consequence of requiring 80/85% of premiums going to healthcare is that administrative savings are being kept by insurance companies rather than passed to customers.  This was not unintended, but an expected outcome.  Similarly, he is surprised that when large companies cover the medical cost risk that the administrative cost savings from the insurance companies hired for administrative services are passed to the company customer.

        Better for people to read other sources on the healthcare economy from far more knowledgeable sources such as the Kaiser Foundation and Stanford University's SIEPR.

        The most important way to protect the environment is not to have more than one child.

        by nextstep on Sun Jan 06, 2013 at 11:27:55 AM PST

        [ Parent ]

Subscribe or Donate to support Daily Kos.

Click here for the mobile view of the site