Kman on Nostr: It’s actually the opposite. Healthcare is expensive because of Health insurance. ...
It’s actually the opposite. Healthcare is expensive because of Health insurance. Under Obamacare the MLR rule became law. The 85% rule, also known as the Medical Loss Ratio (MLR) rule, is a regulation that requires health insurance companies to spend at least 85% of premium dollars on medical care and quality improvement in the large group market. But there is no cap. So everything was inflated price wise so health insurance companies could make more money, but staying within the MLR rule. Having no cap on costs was a big debate before, during, and after Obamacare was passed.
Published at
2024-12-07 18:33:41Event JSON
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"content": "It’s actually the opposite. Healthcare is expensive because of Health insurance. Under Obamacare the MLR rule became law. The 85% rule, also known as the Medical Loss Ratio (MLR) rule, is a regulation that requires health insurance companies to spend at least 85% of premium dollars on medical care and quality improvement in the large group market. But there is no cap. So everything was inflated price wise so health insurance companies could make more money, but staying within the MLR rule. Having no cap on costs was a big debate before, during, and after Obamacare was passed. ",
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