Comment

More Competition + Less Regulation = Higher Prices

18
kirkspencer11/12/2013 6:00:25 am PST

To me the amusing part is what happens at the end of 2014 with all these high price plans.

The people who are on them are going to receive tidy little checks by March of 2015.

Remember that little profit clause. No insurance company may keep more than 20% above benefits paid over the year for expenses and profit. Anything above that will be refunded (proportionally) to the customers.

It’s going to be interesting.