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Re:I watched my patients die of poverty for 40 years. It’s t... by subhobroto on Thursday May 07, 2020 @07:02PM (#23109394)
> insurance companies didn't try to negotiate down costs?

The ACA forced insurance companies to pay out 80% of their revenues in care costs or refund premiums or pay penalties.

Said differently, under the current ACA rules, insurance companies have 0 incentive to negotiate costs down.

They won't get any return on that effort.

It's less effort denying claims and narrowing networks so as to ration access naturally.

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