If Paul Harvey were alive today and had read the following article, he would have found fertile material for his “The Rest of The Story” radio show…………………………
For years we’ve heard the same stuff over and over again. “Health care costs are rising because of an aging population and new technology” instead of “Health care costs are rising because managed care contracts make it so.”
Now there’s a new twist – The Chinese Flu and government interference in the American health care delivery system are the culprits. Never any mention to the real root cause…………………
SOURCE: CLICK HERE FOR ARTICLE
The bold comments below are ours………………..
Each year, health insurers submit rate filings to state regulators, detailing their expectations for the coming year’s health costs. These filings can provide insight into what factors insurers expect will drive health costs for the coming year, including inflation (INFLATION DRIVEN BY ANNUAL ESCALATER CLAUSES IN MANAGED CARE CONTRACTS), the COVID-19 pandemic (SMOKE SCREEN BS TO JUSTIFY COST INCREASES), and policy changes (TRUE – GOVERNMENT BUREAUCRATIC INTERFEREINCE IN THE AMERICAN HEALTH CARE SYSTEM).
The median proposed premium increase is 10% across these 72 insurers. The main contributor to premium growth is health cost trend (CAUSED BY MANAGED CARE CONTRACTS), which reflects rising prices paid to providers and pharmaceutical companies as well as a rebound in utilization (BS – A REBOUND MEANS UTILIZATION GETS BACK TO NORMAL WHICH WAS RATED FOR IN PREVIOUS YEAR).