Health Insurance Lesson Plans - Health Insurance Plan

Outcome of ObamaCare The New American

26.04.10

Clearly, the reason rates are increasing in Massachusetts isn’t corporate greed and excessive profits. You can’t make that argument when the insurers are losing money. Thus, it’s hardly surprising the Massachusetts Attorney General’s office recently investigated the healthcare system in the state and concluded that “the present health care marketplace does not allow employers and consumers to make value-based purchasing decisions.” Of course, a large part of the reason both insurers and hospitals charge prices for care that have little relation to the actual cost of the care is because they have to make up for their losses incurred as a result of costly government mandates such as the no pre-existing conditions mandate. The Massachusetts Attorney General’s Office concluded: “Our findings show the system lacks transparency in both price and quality information, which is critical for employers and consumers to be prudent purchasers.” Sadly, that same office failed to notice that the mandates have made that transparency all but impossible. for April 9 summed up the position in Massachusetts:

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