Drudge Retort: The Other Side of the News
Friday, July 18, 2014

Pending changes to the PPACA medical loss ratio (health care related costs 80% [ : administrative costs no more than 15%)may end up saving insurance companies a pretty penny, but costing you in increased premiums and reduced rebates.

Fighting against the pending changes is Sen. John D. Rockefeller (D-WV)

Fighting for the changes is Senator Mary Landrieu (D-LA)

The fight for change is being levied on behalf of health insurance brokers and agents to exclude their compensation from the MLR.

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HeuristicGratis

 

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Admin's note: Participants in this discussion must follow the site's moderation policy. Profanity will be filtered. Abusive conduct is not allowed.

Well Duh!

Democrats and Obama hate American business
That's why they enrich them

Sincerely
The flux "conservative"

#1 | Posted by ChiefTutMoses at 2014-07-18 01:23 PM | Reply | Flag:

Healthcare shouldn't be considered American business, that's why it got so ridiculously expensive in the first place.

#2 | Posted by danni at 2014-07-18 02:08 PM | Reply | Flag: | Newsworthy 1

#2 Insurance ≠ Healthcare

#3 | Posted by HeuristicGratis at 2014-07-18 02:45 PM | Reply | Flag:

Healthcare shouldn't be considered American business, that's why it got so ridiculously expensive in the first place.
#2 | POSTED BY DANNI

When its not mandated and/or if insured/medicare doesn't cover it, the cost actually goes down..... proving its not American business problem, but an American government problem.

#4 | Posted by AndreaMackris at 2014-07-18 03:25 PM | Reply | Flag:

"When its not mandated and/or if insured/medicare doesn't cover it, the cost actually goes down...."

It wasn't mandated in this country for decades and it went up every year.

#5 | Posted by danni at 2014-07-18 03:56 PM | Reply | Flag: | Newsworthy 1

It would be idiotic to change the medical loss ratios, that's one of the things that will keep costs down.

#6 | Posted by danni at 2014-07-18 03:57 PM | Reply | Flag:

#6

I don't have a problem with the MLR requirement. There were certainly some carrier out there providing individual policies at a very high rate of profit because of the lack of competition in states at certain times......and weak individual state insurance departments.

There are still ways to keep profits high under the formulas.

Remember, it's a medical loss ratio. It doesn't cap actual profits.

#7 | Posted by eberly at 2014-07-18 04:00 PM | Reply | Flag:

"Remember, it's a medical loss ratio. It doesn't cap actual profits."

I agree, they can increase profits by reducing administrative or advertising expenses. With the exchanges it seems advertising would be unnecessary, it's going to be who has the best price on the exchange that gets the business. Sorry, I won't cry about any advertising job losses.

#8 | Posted by danni at 2014-07-18 07:44 PM | Reply | Flag:

Tweak Could Save Insurers Millions - Cost You

You mean the benevolent insurance companies won't pass the savings on? I'm shocked!

#9 | Posted by Whatsleft at 2014-07-19 12:47 PM | Reply | Flag:

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