basquebromance
Diamond Member
- Nov 26, 2015
- 109,396
- 27,055
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Big surprise: Trump's anti-Obamacare insurance plans are ripping people off.ā
ā
Short-term, limited-duration health insurance plansāObamacare workarounds that do not have to comply to Obamacareāspend less than Obamacare-compliant plans on medical care, according to a data published last week in the National Association of Insurance Commissionerās 2018 Accident and Health Policy Report, as Modern Healthcare reported.ā
ā
For every dollar paid in premiums on UnitedHealthcareās short-term health plans, 37 cents are spent on medical claims. At Cambia Health Solutions, just 9 percent of premium costs go to medical care. The rest of the money goes to administrative expenses or is kept as profit. On average, the report found that, among the five health insurers that earn the most in short-term insurance premiums, 39.2 percent of premiums were going to pay for patientsā medical care.ā
ā
In other words, these so-called "junk insurance" plans are helping insurance companies more than patients.ā
ā
ā
Short-term, limited-duration health insurance plansāObamacare workarounds that do not have to comply to Obamacareāspend less than Obamacare-compliant plans on medical care, according to a data published last week in the National Association of Insurance Commissionerās 2018 Accident and Health Policy Report, as Modern Healthcare reported.ā
ā
For every dollar paid in premiums on UnitedHealthcareās short-term health plans, 37 cents are spent on medical claims. At Cambia Health Solutions, just 9 percent of premium costs go to medical care. The rest of the money goes to administrative expenses or is kept as profit. On average, the report found that, among the five health insurers that earn the most in short-term insurance premiums, 39.2 percent of premiums were going to pay for patientsā medical care.ā
ā
In other words, these so-called "junk insurance" plans are helping insurance companies more than patients.ā
ā