General Discussion
In reply to the discussion: I think Jimmy Kimmel killed trumpuncare! [View all]Blue_true
(31,261 posts)system. Yes, insurance companies are greedy bastards that pulled out once they were paying for care for more really sick people than they expected.
Do you understand an insurance system? It is a classic risk system. Insurance companies insure people expecting X claims for y amount. As long as claims and dollars are below their level, they make z profit. If sick people flood the system at fixed premiums and use more that y dollars of healthcare costs, premiums go up for EVERYONE in the system, including healthy people that use nothing but preventative care. So, in short, it does not matter that the government paid most of the premiums for poor sick people, when they sought care to get well, the cost of that care was high and insurance companies cut an ran.
The only way to fix the system is intelligent, well thought out Single Payer.