Insurance companies are often used as the punching bag for healthcare costs. In reality, insurance companies are just a payment method for the true cost – enormously expensive doctors. Insurance companies are portrayed as having crazy profits, but in reality the insurance company Cigna has a profit margin of 6%.
The American Medical Association realized a century ago that medical care demand is inelastic… Basically if you need medical care, you will pay any price to get it.… read more “Remove Limits on New Doctors”