Re:SCOTUS Rejects Guilty Until Proven Innocent – Can't Keep ...
by CWuestefeld on Friday May 05, 2017 @01:54PM
(#14275398)
I just happened to bump into this article, describing how Wellmark Blue Cross Blue Shield, "the dominant company in [Iowa]’s individual insurance market", is pulling out of the market, leaving only one provider standing. Their explanation is that a primary driver is a single patient whose care is costing on the order of $1M per month.
http://www.latimes.com/business/hiltzik/la-fi-hiltzik-iowa-2...
Re:SCOTUS Rejects Guilty Until Proven Innocent – Can't Keep ...
by Dylan16807 on Friday May 05, 2017 @02:26PM
(#14275664)
That is a serious problem, but it's solvable. As a country we can handle these patients. Like the article says, full-on single payer wouldn't have that problem. Or we could force all insurers to pay into a pool that covers super-expensive patients.
That's not "plainly" false, unless you know some medical treatments that cost an infinite amount of money to perform. If we assume that less than 1% of patients are catastrophically expensive, then based on actual data it looks like dropping them all would save less than 20% of total spending, possibly a lot less.