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True, but consumers wouldn't necessarily benefit

Posted on: October 27, 2016 at 09:51:57 CT
Mo Texan MU
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It's a myth that competitive rates would be the result. Insurance companies simply pass the cost along to the consumer via a premium that includes actual claim cost(from a point in time), processing costs and a 10 to 15% profit margin. They have little if any control over the first two items so any rate differential is limited to what profit margin their shareholders will accept.
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Not all healthcare coverage in the US is broken... - JeffB MU - 10/27 09:06:18
     I would regulate cost shifting by drug companies - Coors4bob MU - 10/27 09:39:36
     Dog's can't sue people in court for millions.(nm) - Rabbit Test MU - 10/27 09:20:24
          That's not the whole of it, though it is a factor, of course - JeffB MU - 10/27 10:32:13
     I never understood why insurance companies - Sal KC - 10/27 09:07:36
          They can, but must be licensed by the state. States control - Mo Texan MU - 10/27 09:30:37
               I'm guessing they would like gov't - Sal KC - 10/27 09:31:43
                    True, but consumers wouldn't necessarily benefit - Mo Texan MU - 10/27 09:51:57
          RE: I never understood why insurance companies - sarasotatiger MU - 10/27 09:14:48
          six states allowed it - TigerJackSwartz MU - 10/27 09:14:18
               lol "federalize the whole system" - Sal KC - 10/27 09:16:09
                    read the article. Six states allowed it. Nobody took them - TigerJackSwartz MU - 10/27 09:20:25
                         Nobody took them up because of the legal cluster phuck - Coors4bob MU - 10/27 09:42:19
                              Exactly Bob. And they get standardized, by federalizing (nm) - TigerJackSwartz MU - 10/27 09:53:44




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