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View Diary: Insurers gaming the ACA and robbing the public (54 comments)

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  •  What would have stopped them ... (4+ / 0-)

    ... would have been the public option, which by directing their customers to the value for money alternatives (or, if all existing alternatives had been rigged as hidden profit centers, even been able to play the same game but in pursuit of value for money) would have lower cost of service which could be reflected in lower premiums, which would have led to higher market share.

    What "stops" them now is the power of the regulator, and by past experience it is only a matter of time before all of the regulators are sufficiently captured for that to be in fact implemented as a standard practice. Indeed, many of the allowed out of pocket spending that doesn't necessarily count as out of pocket spending for the out of pocket spending cap shows that the regulatory capture has already started.

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    by BruceMcF on Tue Nov 12, 2013 at 03:54:06 PM PST

    [ Parent ]

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