RE: Unintended Consequence of the Affordable Care Act.
September 22, 2014 at 10:40 pm
(This post was last modified: September 22, 2014 at 10:41 pm by The Grand Nudger.)
(September 22, 2014 at 9:56 pm)Heywood Wrote: My point is that before this government intervention every dollar of fraud and waste saved by the insurance company translated into an extra dollar of profit(if we ignore the cost of looking for fraud and waste for simplicity sake). After this government intervention every dollar of fraud and waste translates at best into only 20 cents of additional profit. The profit incentive to look for fraud and waste diminishes quite a bit.Wow...you think they were saints assiduously ferreting out waste and fraud -before- a bill was passed...but all of a sudden they turn into crooks -after-?
Quote:The ACA does just the opposite. It mandates that everyone be a customer of the insurance companies. It mandates people purchase coverage they do not need(why should a male be required to purchase a policy for himself that covers maternity?). It re-reimburses insurance companies if they happen to lose money.They -already- spread the cost out over those who didn't buy (or didn't require) any given option.........that's how they make money, this is business as usual. Just what is it that you imagine insurance companies have been doing all this time. Where did you think the profit came from -before-?
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