Rates will rise because the Gubmint is mandating that a Health Insurance Company must return 85% of its Gross Revenues to Policyholders in the form of Benefits.
The Company has to operate on 15% of Revenues, that means covering Salaries, Buildings, Lawyers, Toilet Paper, you get the idea. Rates have to increase to cover reality by expanding that 15% to a sustainable level.
Remember America? It used to be around here somewhere.
“Rates will rise because the Gubmint is mandating that a Health Insurance Company must return 85% of its Gross Revenues”
I tried to explain this math to liberal acquaintances of mine, but they don’t get it.
My health insurance has increase $3,800 per year the last 2 years. Thanks to Obama care I received back about $400 this year from my insurance company.
I think the insurance company got the better end of the deal.
But the ignorant masses will just be excited about their pittance from the Messiah.