Dec 27, 2024
12:05:24pm
12:05:24pm
They will need to deny claims and make a profit.
It is not a perfect system, but there will always be sob stories like those linked, and there will always be a profitable company.
The day that those things cease to exist, health insurance will cease to exist.
I get why people hate them, but theres few alternatives, except healthshare companies, cash pay, or universal healthcare via government.
It is not a perfect system, but there will always be sob stories like those linked, and there will always be a profitable company.
The day that those things cease to exist, health insurance will cease to exist.
I get why people hate them, but theres few alternatives, except healthshare companies, cash pay, or universal healthcare via government.
Originally posted on Dec 27, 2024 at 12:05:24pm
Message modified by Jericho on Dec 27, 2024 at 12:07:17pm
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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