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August 13, 2021

Federal watchdog: ‘There’s no reason’ to pay for ‘overpriced’ health care

Insurers are taking advantage of a loophole in a federal law that allows them to sell insurance for higher prices, a watchdog group said Monday.

Insurers are paying premiums for policies that are too expensive and sometimes for policies they can’t afford, the American Medical Association said in a report.

Insurance broker groups, including Blue Cross Blue Shield, have also complained about the rules, saying they’ve made the process harder for them.

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