Quote:
Last year, Alaska?s Obamacare marketplaces seemed on the verge of implosion. Premiums for individual health insurance plans were set to rise 42 percent. State officials worried that they were on the verge of a ?death spiral,? where only the sickest people buy coverage and cause rates to skyrocket year after year.
So the state tried something new and different ? and it worked. Lori Wing-Heier, Alaska?s insurance commissioner, put together a plan that had the state pay back insurers for especially high medical claims submitted to Obamacare plans. This lowered premiums for everyone. In the end, the premium increase was a mere 7 percent.
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This isn't solving the problems of the high cost of US Healthcare. It's transferring the cost from Healthcare industry to Citizens, to Healthcare industry to Government to Citizens The Citizens end up paying in te end.
The only solution to the high costs is to get private enterprises noses out of the trough.