"ProPublica, the pro-Obama leftwing investigative-reporting website funded in part by George Soros' buddies, seems to have slipped up.
One of their reporters, a real good one named Marshall Allen, has written a bang-up, worth-reading-every-word, satisfying expose about why health insurance costs are so high and why so many patients get ugly surprises when it's time to pay the bill.
And buried within, in what should have been the lede, is not an indictment of the insurance industry, but of the perverse incentives embedded within Obamacare - that are driving insurance costs through the roof...
And buried within, in what should have been the lede, is not an indictment of the insurance industry, but of the perverse incentives embedded within Obamacare - that are driving insurance costs through the roof...
Read all!The Affordable Care Act kept profit margins in check by requiring companies to use at least 80 percent of the premiums for medical care. That's good in theory, but it actually contributes to rising health care costs. If the insurance company has accurately built high costs into the premium, it can make more money. Here's how: Let's say administrative expenses eat up about 17 percent of each premium dollar and around 3 percent is profit. Making a 3 percent profit is better if the company spends more..."
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