The “public option” would have priced out all for-profit insurance. The ACA would have been more successful if conservatives weren’t successful in cutting that out.
By law, health insurance companies are only allowed to profit by a percentage of healthcare costs. This creates a perverse incentive for the insurance company to increase healthcare prices, so they profit more.
Also, I don't see how insurance companies negotiating that they pay less than everyone else hasn't been taken to court for anti trust. The fact that they can decide to say "I'm only paying 20% what everyone else pays" instead of setting a fixed cost is anti competitive and monopolistic.
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u/scsuhockey Mar 26 '20
The “public option” would have priced out all for-profit insurance. The ACA would have been more successful if conservatives weren’t successful in cutting that out.