Now, you'd say, well, that sounds good because you're capping the profits of a health insurer and trying to keep their profits down. Yeah, but what they didn't realize is that It took away the incentive for the health insurer to push back down on medical costs. So the only way a health insurer could make more money, if you cap them at that amount, at a certain amount, is let health care costs move up, because if you're spending, call it $1,000. (11:15–11:25)
CLAIM
Asserts that capping insurance profits removed the incentive to reduce medical costs.
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