Originally Posted by
Hypno Toad
Funny thing, in Minnesota all insurance companies are not-for-profit.... but somehow we don't get lower rates. The company my wife works for is for-profit and does not sell in Minnesota (funny again).
Yes, they are a profit-driven company. However, keeping costs down is the only way they make money, ACA (and other regulations prior to that) set rates. And other regulations make sure certain services are covered. Therefore, keeping the insured healthy is the best way to improve profits.
You make a fine point about the companies not caring about your care or health after you leave their coverage.
Sadly, I know way more on this subject than I would like - but the wife (chief of staff for an exec) and I talk about it over drinks most every night.
The insurance companies still have too much control, and set too many of their own policies. It's the fox guarding the hen house, and unfortunately it's getting easier to explain to patients why their insurance wont cover much with so many people having problems with their insurance.
I remember being surprised at how surprising the topic of Sicko was to so many in the audience when we saw it. I thought most of it was common knowledge, but it wasn't.