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Utahns formulating plan on insurance strategies
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Someone needs to answer these two questions for me. How would insurance carriers be expected to lower their rates and compete on price when they would, at the same time, be expected to assume greater risk, i.e. insure everybody?
Second question-this plan is about reducing insurance costs, how does that reduce the costs of actual care--docs, hospital, tests? Isn't this backwards? Force the insurance to reduce their rates will force the hospitals to reduce their charges? I don't get that. Premium rates go up because the cost of care goes up and therefore insurance reimbursement goes up.