1) medical loss ratio rules mean insurers are expected/required to pass a certain percent of premium on as payment for medical services, in a way that a grocery store is not required
2) insurer is selling you a contract that they will pay your medical bills if you have any - they are NOT retailing you medical services
Insurers in the US actually are retailing you medical services. All the large insurers own huge (and growing) numbers of medical providers and they use their insurance plans to abuse non-owned medical providers into selling out to the insurer.
You're saying that insurers aren't retailing you healthcare services despite the fact they are actually retailing you healthcare services, but in some cases you can choose to not use your insurance and buy healthcare from someone else?
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@getnormality Two main differences:
1) medical loss ratio rules mean insurers are expected/required to pass a certain percent of premium on as payment for medical services, in a way that a grocery store is not required
2) insurer is selling you a contract that they will pay your medical bills if you have any - they are NOT retailing you medical services
3)
Insurers in the US actually are retailing you medical services. All the large insurers own huge (and growing) numbers of medical providers and they use their insurance plans to abuse non-owned medical providers into selling out to the insurer.
Separate issue yes I realize that you can always go out of network
...what?
You're saying that insurers aren't retailing you healthcare services despite the fact they are actually retailing you healthcare services, but in some cases you can choose to not use your insurance and buy healthcare from someone else?