Comment

More Competition + Less Regulation = Higher Prices

21
Dark_Falcon11/12/2013 6:10:40 am PST

re: #18 kirkspencer

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.

Oh, that. Well, lets just say that said monies will be invested, shall we say. Some of it legitimately will be, in approving new treatments, funding corporate infrastructure, that sort of thing. Some other monies may end up used to pay for expenses such as executive travel. Which would be good for Gulfstream, I suppose.

/DF’s mind in creative weasel mode.