Dec 27, 2024
1:42:01pm
1:42:01pm
Seems like every other form insurance - life, auto, etc - has clear criteria for
payout whereas in healthcare it is much more complex to know when a certain treatment is best practice vs overly conservative.
That and when you buy you’re own insurance you’re sensitive to when you chose to make a claim.
We have to get away from terrible tax law which causes most of us to buy healthcare and health insurance together via a third party (employer or government).
That and when you buy you’re own insurance you’re sensitive to when you chose to make a claim.
We have to get away from terrible tax law which causes most of us to buy healthcare and health insurance together via a third party (employer or government).
Originally posted on Dec 27, 2024 at 1:42:01pm
Message modified by BYU'01 on Dec 27, 2024 at 1:42:32pm
Message modified by BYU'01 on Dec 27, 2024 at 1:42:40pm
Message modified by BYU'01 on Dec 27, 2024 at 1:42:57pm
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- BYU'01
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- Jan 18, 2003
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- Dec 28, 2024
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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