July 2nd, 2012
11:30 AM ET
10 years ago
CNN/ORC Poll – June 28-July 1 – Supreme Court, Health Care
TOPICS: Opinion of Supreme Court, John Roberts; opinion of health care law, mandate, repeal, court ruling
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The ACA is a decent first step. It contains an under-advertised clause that requires insurance companies to spend 80 cents of every policy dollar on actual healthcare, or else refund the difference. So immediately, the profit takers can no longer stand between the provider and the patient and siphon off 25-30% of every healthcare dollar.
If they drive up rates to compensate for the revenue their shareholders and CEO's have become used to, then the next step should be to cut the insurance companies out of the picture. Medicare operates with a 3% overhead, not 20% or 25% or 30%.