One of the biggest fears I had with the health care reform bill was insurers coming up with creative accounting methods to circumvent the requirements that they spend 85% of premiums on health care related costs. Now that fear is becoming a reality: Some of the largest U.S. health insurers are changing their accounting practices […]
Don’t Buy The 90% Hype
Ezra Klein today said this: To put this a bit more sharply, if I could construct a system in which insurers spent 90 percent of every premium dollar on medical care, never discriminated against another sick applicant, began exerting real pressure for providers to bring down costs, vastly simplified their billing systems, made it easier […]