alt Hacker NewsLook up "Medical Loss Ratio" from the ACA if you want to find out where the perverse incentives for health care pricing comes from..
Look up "Medical Loss Ratio" from the ACA if you want to find out where the perverse incentives for health care pricing comes from..
The cap is generous. If an insurance company is hitting it, competition is failing to keep them in check and lifting the cap would just let them gouge deeper. Of course, that doesn't keep them from constantly yapping this talking point, as if it wasn't that way before, as if we don't have evidence that it wouldn't work. "Just lift our profit cap" is self-serving baloney.