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A comment on U.S. to set up plan aimed at allowing prescription drugs from Canada. Parent comment

Re:U.S. to set up plan aimed at allowing prescription drugs ... by mrfredward on Wednesday July 31, 2019 @01:25PM (#20576358)
Health insurers in most states are subject to a minimum loss ratio that says they must payout 85% of the premiums they take in. Insurers operating near this cap actually have an incentive to pay out more money in order to raise the cap on their profits.
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Re:U.S. to set up plan aimed at allowing prescription drugs ... by lotsofpulp on Wednesday July 31, 2019 @02:35PM (#20576958)
Then competing insurers can steal their insureds away with lower premiums. The caveat is that we must abolish employer sponsored healthcare, dump everyone on healthcare.gov, and provide a sufficient pool of healthy lives to make providing insurance viable.
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Re:U.S. to set up plan aimed at allowing prescription drugs ... by dumbmatter on Wednesday July 31, 2019 @03:04PM (#20577185)
I don't think that can explain it, because IIRC that rule has only been around since Obamacare, but the US/world price disparity for prescription drugs has existed much longer than that.
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