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Reply to "How Marco Rubio sabotaged ‘Obamacare’"

Kari posted:

 

Smaller insurers that would contribute greater competition to the insurer market are leaving the exchanges

This nonsense about "competition" is the crap which both the GOP and the Democrats sell to people.  If a company collects $100 they have to pay out $80 to healthcare providers.  That is the LAW, which is why I actually received a refund on my premiums a few years ago.

The law removes the incentive for companies to earn "excess" profits.  The law in fact forces companies to manage their underlying costs. As companies cannot control those costs, they do so by reducing the size of their networks, and insisting on higher deductibles and other out of pocket charges.

Until underlying costs are dealt with health insurance will remain expensive.

FM
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