You want to experience denials and care rationing? Let's try Gov't Healthcare.

Sign up, and you can make all message times appear in your timezone. Sign up

Report problem with this ad

Dec 27, 2024
12:32:38pm

RugbyCoug All-American

You want to experience denials and care rationing? Let's try Gov't Healthcare.

Report problem with this ad

RugbyCoug

Bio page: RugbyCoug
Joined: Sep 5, 2009
Last login: Dec 28, 2024
Total posts: 5,591 (14 FO)

Report problem with this ad

Messages

Author

Time

As long as health insurance companies exist

Jericho

Dec 27, 12:05pm

You could raise premiums, deny less claims.

Dec 27, 12:07pm

You're just talking about other insurance companies or policies

Jericho

Dec 27, 12:08pm

Premiums are set based on claim history as approved by state health insurers.

Archaea

Dec 27, 12:11pm

Insurance companies are different now. They are now 'prepaid' healthcare.

Benfica1

Dec 27, 12:15pm

With how expensive car insurance is, that stuff should be covered. 😅

TADOW

Dec 27, 12:32pm

(It's less expensive for good drivers)

Benfica1

Dec 27, 12:58pm

Universal Healthcare doesn’t fix this

EMAC

Dec 27, 12:16pm

You want to experience denials and care rationing? Let's try Gov't Healthcare.

RugbyCoug

Dec 27, 12:32pm

That’s very simplistic thinking. The profit for an insurance company isn’t just 100 less the combined ratio. Insurance

shimmy

Dec 27, 12:51pm

Start an insurance company and solve this major problem for society then

Jericho

Dec 27, 1:18pm

That’s not really responsive but I’ll get to work on that.

shimmy

Dec 27, 1:34pm

I’m probably misunderstanding. How can you be profitable w/ a neg gross margin?

BYU'01

Dec 27, 1:44pm

Investing the money they receive in premium before it is paid out in claims. Carriers are huge investment engines.

shimmy

Dec 27, 2:05pm

I guess I have no idea what you are saying from a GAAP perspective. No insurers

BYU'01

Dec 27, 4:25pm

Of course not, because of the investments. I’m not talking about profitability. I’ll talking about combined ratio which

shimmy

Dec 27, 5:11pm

Google AI explains it better than I do:

shimmy

Dec 27, 5:13pm

Yes, AI helped. If your health insurer has a side gig as a hedge fund, but still

BYU'01

Dec 27, 5:21pm

It’s not a hedge fund, and your health insurance company is absolutely investing your premiums to generate revenue right

shimmy

Dec 27, 5:30pm

Yes, your absolutely right that most benefits administrators do not derive...

BYU'01

Dec 27, 5:36pm

Seems like every other form insurance - life, auto, etc - has clear criteria for

BYU'01

Dec 27, 1:42pm

Insurance has always been the majority supplied by employers in the USA. ACA

Dec 27, 2:25pm

Report problem with this ad

Posting on CougarBoard

In order to post, you will need to either sign up or log in.

Report problem with this ad