Posted by Pops1532 on December 26, 2013 at 06:41:16 from (98.227.133.60):
In Reply to: OT Generic drug costs posted by Elton Fancher on December 26, 2013 at 04:06:34:
Quoting Removed, click Modern View to see
The ACA requires insurance companies to spend 80% of premium revenue on medical costs on a state by state basis. NOT on an individual basis. It's entirely possible to not use your insurance coverage and still not receive a refund.
Say they only spend 75% on medical costs....They are required to refund 5% of the premium revenue to their customers. The problem with that (other than circumventing the free market system) is that overhead and administrative costs eat up nearly all of the remaining 20% leaving the insurance companies to operate on very thin margins. I read of one state where a large insurance company only made a fraction above 1% profit on it's healthcare policies.
Also, some states are exempt from the 80/20 requirement, and several more states have asked to be exempt.
We sell tractor parts! We have the parts you need to repair your tractor - the right parts. Our low prices and years of research make us your best choice when you need parts. Shop Online Today. [ About Us ]
Today's Featured Article - A Lifetime of Farm Machinery - by Joe Michaels. I am a mechanical engineer by profession, specializing in powerplant work. I worked as a machinist and engine erector, with time spent overseas. I have always had a love for machinery, and an appreciation for farming and farm machinery. I was born and raised in Brooklyn, New York. Not a place one would associate with farms or farm machinery. I credit my parents for instilling a lot of good values, a respect for learning, a knowledge of various skills and a little knowledge of farming in me, amo
... [Read Article]
Latest Ad:
1964 I-H 140 tractor with cultivators and sidedresser. Starts and runs good. Asking 2650. CALL RON AT 502-319-1952
[More Ads]
All Rights Reserved. Reproduction of any part of this website, including design and content, without written permission is strictly prohibited. Trade Marks and Trade Names contained and used in this Website are those of others, and are used in this Website in a descriptive sense to refer to the products of others. Use of this Web site constitutes acceptance of our User Agreement and Privacy Policy
TRADEMARK DISCLAIMER: Tradenames and Trademarks referred to within Yesterday's Tractor Co. products and within the Yesterday's Tractor Co. websites are the property of their respective trademark holders. None of these trademark holders are affiliated with Yesterday's Tractor Co., our products, or our website nor are we sponsored by them. John Deere and its logos are the registered trademarks of the John Deere Corporation. Agco, Agco Allis, White, Massey Ferguson and their logos are the registered trademarks of AGCO Corporation. Case, Case-IH, Farmall, International Harvester, New Holland and their logos are registered trademarks of CNH Global N.V.