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by s1artibartfast 2117 days ago
> But insurance companies are more profitable when they don’t cover the medications of their customers

This isn’t accurate. Insurance companies have legal fixed profit margins as a percent of spending, so they want this to be as high as possible. This creates a vested interest in both maintaining high prices and spending.

1 comments

In an area with multiple health insurance companies, they can’t just keep spending more and keep raising premiums otherwise a competing insurer will take their business with lower premiums.