Iowa is the state that privatized Medicaid last year and is now trying to figure out how to fix the crater they created in their state budget by doing so. Turns out that combining public funding and private profit doesn't work out so good for the public. No one could have predicted this.
I remember the same thing when New Jersey privatized their lottery system with all of the hoopla that it would save so much money. IIRC, they sold $2 million more tickets in the first year but brought in the same amount of money to the state.
T-Rump complaining about insurance company profit should tell him one thing - eliminate them and pay less....but of course there is NEGATIVE infinity of the GOP ever thinking of such a thing.....too much freedom to award for that to happen.
And finally, to be quite frank, until we regulate medical costs, we're lost. Insurance is a joke in this country and medical charges (not costs - charges) are a fucking joke. Had to take my adult daughter to the ER on Sunday of Labor Day weekend. We were on a road trip over 4 hours from home and she developed a series of serious issues. We tried to make it home but couldn't and found an ER on the way....huge mistake. Not only did the ER charge us stupid rates ($17,000 for about 3 hours of service including one CT scan), the insurance refused to even process the case (completely denied because we should have taken her to a clinic somewhere per them). Waiting on an appeal, we are on the hook currently for $17,000+. If appeal fails, all we can do is try to negotiate them down. It's ridiculous that we have to do this kind of bull shit today in the US. It's been exhausting trying to pull my child from the pits of despair and now have to deal with the cost and the insurance denial bull shit. Interesting that they had ZERO issue paying a 2nd ER visit the next day (she was still in a bad situation) but it was only $2,100 for 6 hour of service and negotiated down to $846 by the insurance company. My wife and her employer pay over $12,000 to the insurance company per year and they have paid nothing except two check ups this year. Right now, they denied the big claim right before the deductible was met. Starting to wonder if it would be better to go without if they aren't going to pay anyway.