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The original sin of the US health insurance industry is its establishment as a largely for-profit enterprise dominated by private-sector companies. This is a quirk of history.
The private health insurance industry fears that restricted eligibility and a market size that is too small could result in higher premiums, encourage "cherry-picking" of customers by insurers, and force a clearance of the exchange. That is what some believe will happen in Texas and California in their failed exchanges. [99]
There is a lack of empirical evidence to describe the impact of conflict of interest in the health care industry. [1] Business interests influence the direction of cancer research and the adoption of new practices in therapy. [2] University projects which receive industry funding are more likely to produce research outcomes which favor their ...
The discussions came six years after regulators blocked mega-deals that would have consolidated the U.S. health insurance sector. Cigna, however, on Sunday announced plans to do an additional $10 ...
President Clinton delivered a major health care speech to a joint session of the U.S. Congress on September 22, 1993, during which he proposed an enforced mandate for employers to provide health insurance coverage to all of their employees. Opposition to the plan was heavy from conservatives, libertarians, and the health insurance industry.
The insurance company is an individual health care provider under the Affordable Care Act (ACA) and has continued to expand its availability in the marketplace for those who aren’t getting ...
Consider a potential case of moral hazard in the health care market caused by the purchase of health insurance. Assume health care has constant marginal cost of $10 per unit and the individual's demand is given by Q = 20 − P. Assuming a perfectly competitive market, at equilibrium, the price will be $10 per unit and the individual will ...
U.S. insurance health, life, property, and car insurance industry related political contributions from 1990 to 2010. The health and insurance sectors gave nearly $170 million to House and Senate members in 2007 and 2008, with 54% going to Democrats, according to data compiled by OpenSecrets. The shift in parties was even more pronounced during ...