im not sure why you think the money coming in from premiums isnt the same money used to pay claims, but you go ahead and believe whatever you want.
the fact is we have to pass laws forcing them to spend a percentage of their profits on claims. their income is premiums their output is either claims, profit or operating costs.
their profit comes solely from them denying claims. if they paid all claims they would have no profit.
The argument the person above you is making is that they also profit off people who never file claims in the first place. In fact those people are more profitable since they do not consume labor to process claims.
The Byzantine system of rules and coverage exemptions exists to disincentive people from filing claims just as it exists to give leeway to deny them.
Of course the overall point that paid claims must be less than premiums charged (and investment income) is correct.
im not sure why you think the money coming in from premiums isnt the same money used to pay claims
And I’m not sure why you’d assume I think that.
You’re saying they make their money from denying claims, rather than from premiums paid by the healthy, which they then keep by denying claims from the sick (who also pay them premiums), is a distinction without a difference.
nope
They literally do?
Customers that pay their premiums for years without actually needing healthcare is literally free money for them.
im not sure why you think the money coming in from premiums isnt the same money used to pay claims, but you go ahead and believe whatever you want.
the fact is we have to pass laws forcing them to spend a percentage of their profits on claims. their income is premiums their output is either claims, profit or operating costs.
their profit comes solely from them denying claims. if they paid all claims they would have no profit.
The argument the person above you is making is that they also profit off people who never file claims in the first place. In fact those people are more profitable since they do not consume labor to process claims.
The Byzantine system of rules and coverage exemptions exists to disincentive people from filing claims just as it exists to give leeway to deny them.
Of course the overall point that paid claims must be less than premiums charged (and investment income) is correct.
And I’m not sure why you’d assume I think that.
You’re saying they make their money from denying claims, rather than from premiums paid by the healthy, which they then keep by denying claims from the sick (who also pay them premiums), is a distinction without a difference.