TheRealMafoo said:
Healthcare in some states cost more then others, so they are allowed to adjust prices based on location. Here is another thing to consider. Insurance companies make about 7-8% profit. This means there is very little room to play. let's say they go crazy and drop that to 5% (insanely low for a company). To compare, Apple is in the 40 something percent profit arena. So, aside from very little wiggle room, insurance companies have to offset any additional costs by raising rates. The reason insurance companies don't cover people with pre-existing conditions, is because they cost a fortune. They are going to be required by law to cover these people, and they are not going to be allowed to charge them much more then they can charge everyone else. This means for everyone, the cost of insurance goes up. About 5% of this country wants insurance that can't get it. Not very much. But right now, there are millions of people who are living paycheck to paycheck, and any additional burden on there monthly expenses will really be felt. I would think the number of people this bill directly harms, is far more then the number of people it will help. How about the hundreds of thousands of people who will lose there jobs? Or won't be able to get them, because this bill will eliminate a job that would be created otherwise? I am sure the last thing they care about right now, is insurance, when they can't even feed there families.
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Well yeah, that 7-8% margin is why non-profit insruance companies aren't any cheaper. There isn't that much profit being cut out.
Before you target the insurance companies, you need to target the hospitals... which also aren't cheaper non profit wise.
So before that you've got to target other things that cause the costs to be so high. We're starting at step 3... which as you said, will make everything way more expensive for most people.
