When you have created a monopoly or oligarchy, there's no price discipline. Second, they put in something called the medical loss ratio and they thought they were being clever. But what they did, It was actually a disincentive by health insurers to push back on costs. and actually created an incentive for them to let cost increase. Third big component piece of this needs to be price transparency. Everything you buy in life, you go to the store. (18:41–18:46)
CLAIM
Asserts that the medical loss ratio disincentivized insurers from controlling costs.
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