10-29-2012, 04:30 AM
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It's 42
Industry Role:
Join Date: Jun 2010
Location: Global
Posts: 18,083
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It's about money the health insurers stand to make ...
Quote:
In contrast, Obama's law is starting to look more and more like a tangible business opportunity. In a little over a year, some 30 million uninsured people will start getting coverage through a mix of subsidized private insurance for middle-class households and expanded Medicaid for low-income people. Many of the new Medicaid recipients would get signed up in commercial managed care companies.
A recent PricewaterhouseCoopers study estimated the new markets would be worth $50 billion to $60 billion in premiums in 2014, and as much as $230 billion annually within seven years.
http://www.huffingtonpost.com/2012/1...e=mo re216833
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A single payer health plan like mandatory tax supported National Health Insurance might have been preferable but with so much money at stake it wont happen for a long time.
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