The Massholes Are at It Again

[Winter_123]

Gotta love it. The pinko states want more data if it looks like you are making a profit. Then they cap your rates and bust you down and want more data to demonstrate that you are not about to tank.

Insurance is a regulated public utility now.

Change you can believe in.

State asks to oversee 3 insurers - The Boston Globe

 

[VolAgent]

They wish they had it as good as utilities. Utilties are generally guaranteed a minimum profit margin. Sounds like the insurers are guaranteed a minimum loss. They might even luck up and lose more than the insurers regulators promised.

 

[Corporate Death]

Not going to be good for ANYone involved, especially customers. If one cannot make a profit, what is the motivation to continue to provide the service? If few are motivated to provide the service, how long before the customers have trouble FINDING the service?

 

[somarco]

Med supp rates aren't dictated. Perhaps that is why, even with standardized plans consumers still have a choice with a wide range of pricing.

 

[medx]

Gotta love it. The pinko states want more data if it looks like you are making a profit. Then they cap your rates and bust you down and want more data to demonstrate that you are not about to tank.

Insurance is a regulated public utility now.

Change you can believe in.

State asks to oversee 3 insurers - The Boston Globe

A sign of what will be in all States here pretty soon.




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[Crabcake Johnny]

Why don't we focus on utilization and find ways to financially reward people for being healthy. Then you'll see rates drop. I see auto carriers now advertising cash back or decreasing deductibles when you go 6 months or a year without an accident.

 

[Winter_123]

Why don't we focus on utilization and find ways to financially reward people for being healthy. Then you'll see rates drop.

In theory. In practice the whole thing is spinning and spiraling out of control and the government will introduce new elements as the crisis of the day permits. We will and are covering entirely new populations without regard to health status which will drive continue to drive costs through the roof. Thus, and to your point, the focus needs to be on utilization and incentive be healthy. Will it be sufficient to offset to the point where rates will go down? No. We will have utilization review and health incentives along with rate increases. Or I should say cost increases. I dont disagree that rates may go down if the jungle of subsidies applies to an individual or group, but that does not mean that costs have gone down. It just means that someone else is picking up the tab.

 

[SamDicosta]

i want to know more about this .

 

[Crabcake Johnny]

I'd love to find some hard stats on which percentage of health care is preventable.

 

[somarco]

I probably have that somewhere, but going from memory it is something like 80% of CHRONIC conditions could have been prevented and 70% of those can be reversed or treated without medication.