Posted by dhermesc on October 06, 2016 at 09:10:25 from (24.248.193.103):
In Reply to: Re: health insurance posted by David G on October 06, 2016 at 06:51:27:
Do you know how they limit costs - deny services. Age 63 and have cancer - it was nice knowing you. Have a difficult to treat illness - you can only see a specialist once a quarter - hope they get it right the first time.
To be honest companies like Blue Cross love high costs. In most states the industry is regulated by the government (and now by ACA) on what they can charge based on what they paid in coverage. They get a "normal profit" on what they paid out. Would you rather make 5% of million or two million? They have no incentive to control costs because the higher the costs the more they can make.
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