| theprof00 said: I dunno really much about this whole thing, but I feel like the free market will take care of this price increase. If I were an insurer, I'd just keep the same rates and eat all the other insurer's dropouts. I really don't understand why they are going up in premiums. |
Because the coverage they are required to provide has gotten more comprehensiv and so the pricing teirs have disappeared and they now have to provide coverage to ANYONE including those who have never paid a health care premium in their lives until the day they finally get sick then they decide to get health insurance. Not to mention, and I have seen this in my practice (I'm a Registered Nurse), people are already treating the system as an endless resource. And because customer satisfaction is becoming more and more tied to reimbursement Doctors and mid-level providers especially (Physician Assistants and Nurse Practitioners) are obliging them out of fear of not getting paid.
While that last part sounds good to the uninitiated, think about the patient, and we see them all the time, who gets the flu or some other viral infection and demands we give them antibiotics. We will usually tell them no and try to educate them on why we don't give antibiotics for viral infections (antibiotics work for bacterial infections) they sometimes get upset to the point where they complain or even try to sue etc.
Couple all that with what is now an even less competetive market than it was befoe and you get major price increases.
It was all built into and designed to do specifically this. It is the attempt to kill off private insurance to bring about single payer top down government run health care.
