Shoot: update 1

September 29, 2011 § Leave a comment

A correspondent tasks me to explain a 4 percent costs increase prior to private health insurer’s “strong earnings”.

I am happy to inform all that premiums climbed 9 percent ie somewhat more than costs, hence my earlier reference to Matt Borsch whose keener concern was greater profits from those earnings. The price hikes with more limited cover – as, let’s be clear on this, americans went for Medicaid/Medicare instead of private insurers.. exercising choice if you will – amount to deliberately limiting supply in this game.

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