Dec 27, 2024
5:36:28pm
5:36:28pm
Yes, your absolutely right that most benefits administrators do not derive...
profit from denying claims. If you work for a company of >several hundred people your employer is probably bearing the risk of claims and not a non-profit benefits administrator like Select Health.
Originally posted on Dec 27, 2024 at 5:36:28pm
Message modified by BYU'01 on Dec 27, 2024 at 5:37:00pm
Message modified by BYU'01 on Dec 27, 2024 at 5:37:10pm
Message modified by BYU'01 on Dec 27, 2024 at 5:37:35pm
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- BYU'01
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- Jan 18, 2003
- Last login
- Dec 29, 2024
- Total posts
- 8,781 (144 FO)
Messages
Time
Dec 27, 12:58pm
Dec 27, 12:16pm
That’s very simplistic thinking. The profit for an insurance company isn’t just 100 less the combined ratio. Insurance
Dec 27, 12:51pm
Dec 27, 1:34pm
Dec 27, 1:44pm
Investing the money they receive in premium before it is paid out in claims. Carriers are huge investment engines.
Dec 27, 2:05pm
Dec 27, 4:25pm
Of course not, because of the investments. I’m not talking about profitability. I’ll talking about combined ratio which
Dec 27, 5:11pm
Dec 27, 5:13pm
Dec 27, 5:21pm