But the cost curve! The cost curve! It’s going to bend down!
Healthcare in Tenn. is horrible at best. It’s no wonder people are sicker there than expected. My husband lived there and had a hell of a time getting decent healthcare, and he eventually died there.
If you like your health, go somewhere else!
“They believed me?”
“..to justify such a rate increase on the part of a nonprofit insurance company whose rates are regulated by the state?”
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Since when is BC & BS a non profit organization?
That's not hard at all.
You simply force the Insurance companies to only offer coverage that includes very, very high risk ailments for people with previously diagnosed and expensive to treat ailments. Those people sign up raising costs. Costs go up due to the poor mix of healthy vs unhealthy customers, profits go down, plan prices increase and healthy people bail out of the system. Costs then escalate even further as the mix gets even less favorable.
Repeat until the Insurance Companies give up and quit.
Economics 101.
Rush was right. Obamacare was meant to fail.