Comment by lotsofpulp
11 hours ago
Your claim was
> Commercial insurers would be happy to sell plans that pay every claim that comes in at 100% with zero denials.
And yet I have never seen one of these after buying insurance in 3 different states.
Again, the grandparent claim was that insurance companies can increase profits simply by increasing their expenses. Yet there is no evidence of this, and the fact that everyone has to deal with approval and denial of healthcare coverage means it cannot be true.
You're really missing the point. Have you ever been in charge of employee benefits for a large group buyer? Obviously such plans aren't available to individual consumers but commercial carriers will absolutely customize products for larger customers.
timtim51251 wrote this:
> The actual reason commercial insurers pay more is that's the only way to can make more profits.
>Because of Obamacare requiring 80% of the money they collect to be spent, the insurance companies just get to keep 20%. So insurance companies spend more so they can collect higher premiums. That's how they make more money.
dmitrgyr wrote this:
> Ding Ding Ding. We have the correct answer. And this was a predicted consequence of that profit cap.
These statements indicate there should exist an insurance plan with a policy to pay for anything and everything. It does not matter what large self insuring employers choose to buy, as there are still significant number of people covered by non employer insured health plans.