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| Topic | Martin Shkreli convicted of securities fraud |
| Balrog0 08/04/17 3:49:23 PM #33: | Bloodychess posted... Tell me, what do insurance companies do to premiums when costs go up right http://www.commonwealthfund.org/publications/blog/2017/may/maternity-care-and-mental-health-coverage-requirements We found that maternity care accounted for 4 percent of per capita insurer spending in our data, and mental health and substance abuse treatment accounted for 1 percent of per capita insurer spending. Prescription drug spending was more substantial, representing approximately 22 percent of per capita insurer spending. These results are similar to those reported in a recent issue brief by the actuarial firm Milliman. Because premiums are based on per capita insurer spending plus administrative costs, the spending amounts in Exhibit 1 illustrate how premiums might change if coverage for select essential health benefits were excluded from the benefits package.2 If we assume that administrative costs are proportional to spending on services, eliminating maternity, mental health, and substance abuse treatment would reduce premiums by 5 percent. Because prescription drugs encompass a larger share of total spending, eliminating this benefit would lead to a larger reduction in premiums—decreasing them by 22 percent. --- He would make his mark, if not on this tree, then on that wall; if not with teeth and claws, then with penknife and razor. ... Copied to Clipboard! |
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