9Z7EErh9Et0y0Yjt98A4 t1_ivg3kmv wrote
Reply to comment by jhdog29 in Didn't know dentists really worry about our dental costs by scwelch
A yes vote means changing the law so that dental insurance companies have to spend their money on paying for dental care, rather than just making huge profits off bloated premiums. It limits how much money the insurers can waste spend on administration costs.
This kind of law already exists for regular medical insurance. If they don't spend enough on care costs the difference is refunded back to the customers in the form of a small check.
jhdog29 t1_ivg4g1d wrote
So would that indirectly bring down the premiums of dental insurance? This seems like a no brainer
9Z7EErh9Et0y0Yjt98A4 t1_ivg53cx wrote
Yes. Dental care policy is often playing catch up with general medical care policy because it's a separate, smaller field.
This kind of policy has already been in force for regular health insurance, and I'm not aware of any serious criticism of the requirement. Seems an easy one to say "yes".
Cobbler-Basic t1_ivgg5j3 wrote
Thank you for this explanation. What’s the argument for voting no here? Just curious.
9Z7EErh9Et0y0Yjt98A4 t1_ivghyfh wrote
No idea.
I dunno, generic "regulation bad, markets are perfect" type logic. You'll have to ask someone else, if I had my way all these parasites would be [redacted TOS violating material]
DanieXJ t1_ivhn7n1 wrote
But, that's the point. Premiums wouldn't go down. You think dental insurances will want to make less money? That is soo cute!
9Z7EErh9Et0y0Yjt98A4 t1_ivhsx78 wrote
Since this rule has gone into effect for regular health insurance, over a billion dollars in excess premiums has been directly refunded to customers. In a very direct way premiums have been reduced from what they would have been.
I'm puzzled by your cynicism, at least in how exactly you think insurance companies will make such as policy pointless.
Wtf_is_this1234 t1_ivhyrg2 wrote
I've never seen my health insurance get less expensive nor have I ever received a penny in premium rebates. It never ever happens.
antraxsuicide t1_ivic0tx wrote
I literally got a check from BCBS last year. Google is much faster than spreading BS
9Z7EErh9Et0y0Yjt98A4 t1_ivjdywy wrote
I've never set foot on this so called Ireland and I laugh at anyone who claims it exists.
You're a fucking moron.
Wtf_is_this1234 t1_ivjm78e wrote
The fact is most people are paying significantly more for health insurance than they were before the ACA. That some people get a check for a couple bucks doesn't offset that.
9Z7EErh9Et0y0Yjt98A4 t1_ivjmxig wrote
This was going to happen regardless of the 80/20 rule. Nobody is promising a miracle here, just a slight improvement.
Health insurance could be more expensive, and almost certainly would be without this rule.
DanieXJ t1_ivi5gsj wrote
As another reply to you said. Try again. None of what you've written is true. Customers don't get refunds, that's not even how the health one works.... 🙄
Then again, look at that username... 😂 So, not really surprising.
Darklighter10 t1_ivjjua2 wrote
Really? There are one billion dollars in rebates this year, 2 billion last year, and 2.5 billion the year before.
Why people like you make such arrogant statements without even verifying what you are saying amazes me.
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