Eric Hovde: “They put in something called the medical loss ratio.”

“They now control over 60% of the whole market in the city of Madison. That's insanity. 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.” (18:34–18:38)

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