Posted by Pops1532 on December 26, 2013 at 06:41:16 from (98.227.133.60):
In Reply to: OT Generic drug costs posted by Elton Fancher on December 26, 2013 at 04:06:34:
Quoting Removed, click Modern View to see
The ACA requires insurance companies to spend 80% of premium revenue on medical costs on a state by state basis. NOT on an individual basis. It's entirely possible to not use your insurance coverage and still not receive a refund.
Say they only spend 75% on medical costs....They are required to refund 5% of the premium revenue to their customers. The problem with that (other than circumventing the free market system) is that overhead and administrative costs eat up nearly all of the remaining 20% leaving the insurance companies to operate on very thin margins. I read of one state where a large insurance company only made a fraction above 1% profit on it's healthcare policies.
Also, some states are exempt from the 80/20 requirement, and several more states have asked to be exempt.
We sell tractor parts! We have the parts you need to repair your tractor - the right parts. Our low prices and years of research make us your best choice when you need parts. Shop Online Today. [ About Us ]
Today's Featured Article - An AC Model M Crawler - by Anthony West. Neil Atkins is a man in his late thirties, a mild and patient character who talks fondly of his farming heritage. He farms around a hundred and fifty acres of arable land, in a village called Southam, located just outside Leamington Spa in Warwickshire. The soil is a rich dark brown and is well looked after. unlike some areas in the midlands it is also fairly flat, broken only by hedgerows and the occasional valley and brook. A copse of wildbreaking silver birch and oak trees surround the top si
... [Read Article]
All Rights Reserved. Reproduction of any part of this website, including design and content, without written permission is strictly prohibited. Trade Marks and Trade Names contained and used in this Website are those of others, and are used in this Website in a descriptive sense to refer to the products of others. Use of this Web site constitutes acceptance of our User Agreement and Privacy Policy
TRADEMARK DISCLAIMER: Tradenames and Trademarks referred to within Yesterday's Tractor Co. products and within the Yesterday's Tractor Co. websites are the property of their respective trademark holders. None of these trademark holders are affiliated with Yesterday's Tractor Co., our products, or our website nor are we sponsored by them. John Deere and its logos are the registered trademarks of the John Deere Corporation. Agco, Agco Allis, White, Massey Ferguson and their logos are the registered trademarks of AGCO Corporation. Case, Case-IH, Farmall, International Harvester, New Holland and their logos are registered trademarks of CNH Global N.V.
