Wall Street Apes
@WallStreetApes
American Doctor of 40 years explains how Barack Obama allowed insurance companies to steal unlimited amounts of money from taxpayers with the Affordable Care Act

“Where do our health insurance costs go up every year? — The reason is, it was designed that way. There's something called, in the Affordable Care Act, called the medical loss ratio. The medical loss ratio means that insurance companies must spend between 80 to 85% of all premium dollars on medical services. That means they're limited to 15% to 20% for administrative, overhead, and profit. So that means that they play a little game. The higher the top line is, the bigger that number is.

So now all we did was say, "Let's charge more each year." If you look each year, the insurance company's revenues go up every year.

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https://x.com/WallStreetApes/status/1987974689344663567