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jeff47

(26,549 posts)

4. It's not just Medicare Advantage plans that are Medicare + (some percent)

Reply to eridani (Original post)

Sun Jan 17, 2016, 01:43 AM

Jan 2016

Virtually all private health insurance plans do the same thing. They are all Medicare + (something).

Also, the medical loss ratio limits mean private insurance makes more profit if medical costs go up. 20% of $100 is less than 20% of $200. They're not going to drive costs down when they lose money by driving costs down.

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Competition can’t rein in health care costs [View all] eridani Jan 2016 OP

K&R abelenkpe Jan 2016 #1

A 4th point would be Cassiopeia Jan 2016 #2

I always ask people if they think that if their city had threee competing fire departments-- eridani Jan 2016 #3

Costs probably wouldn't go down. elleng Jan 2016 #5

You mean service gets better when three different companies show up for the same-- eridani Jan 2016 #6

No, 3 don't show up, elleng Jan 2016 #7

Irrelevant in most places. eridani Jan 2016 #8

It's not just Medicare Advantage plans that are Medicare + (some percent) jeff47 Jan 2016 #4

as local heathcare continues to flee the central city to the burbs we now have a burb city with 2 dembotoz Jan 2016 #9

Commercial insurers are limited to a percentage profit based on total revenue. Thor_MN Jan 2016 #10