Quote:
Originally Posted by CoachKandSportsguy
So although one might think that the government is inefficient, the govt may not cost as much in total as the MA plans properly costed. .
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I think you are misunderstanding my point. In the last 15 years (in particular) the regulatory burden
imposed by the govt onto health care has driven up costs substantially. Some examples include EMR, prohibiting denial of coverage due to preexisting conditions and expanding Medicaid eligibility. Also required coverage for random thing like pediatric dental, birth control, and soon, maybe IVF. All of those things drive up the cost of healthcare, causing premiums to spike bc:
Ins Co PROFIT = PREMIUMS - PAYOUTS - OVERHEAD
I'm saying if the govt had not inserted itself into the free market with all of these requirements, payouts would be lower (prob overhead too, bc less rules), so you could lower premiums and still make the same profit.