alt Hacker NewsWhen the cost of premium surpasses what people are able to pay, companies will just leave. That's the point of the article, you can only ignore material reality for so long.
When the cost of premium surpasses what people are able to pay, companies will just leave. That's the point of the article, you can only ignore material reality for so long.
The companies are leaving because of mandated price caps from the government. In every other market when cost > price and they can't control cost, companies increase price.
You can only ignore the reality of government interference in the insurance market for so long.