Follow along with the video below to see how to install our site as a web app on your home screen.
Note: This feature currently requires accessing the site using the built-in Safari browser.
Twenty percent is not the profit margin. I think most health insurers would be thrilled to be making as much as software companies.
I wonder about this knee jerk reaction I see here. Whenever companies are making profits it is assumed to be "at the expense" of someone, like the consumer. So profit making is a negative.
In the real world profits are what allow higher salaries, better benefits, more research and development, and a better economy. All things one would imagine would be desirable.
Profits are not needed to provide insurance or banking services. Neither industry actually makes anything and should therefore not be considered 'industry'.
All you need to form an insurance pool is a lot of money, a computer and people with management skills worth between $30,000 and $200,000 per year.
There is no reason ANYONE should be making a few to tens of millions of dollars managing an insurance pool - we are paying them WAY more than they are worth.
Mr Clean,
Thank you for the factual comment.
Insurance companies will routinely deny claims knowing that a certain percentage of policy holders will, for whatever reason, pay the expenses out of pocket rather than going through the hassle of contesting the denied claim.
Twenty percent is not the profit margin. I think most health insurers would be thrilled to be making as much as software companies.
I wonder about this knee jerk reaction I see here. Whenever companies are making profits it is assumed to be "at the expense" of someone, like the consumer. So profit making is a negative.
In the real world profits are what allow higher salaries, better benefits, more research and development, and a better economy. All things one would imagine would be desirable.
Profits are not needed to provide insurance or banking services. Neither industry actually makes anything and should therefore not be considered 'industry'.
All you need to form an insurance pool is a lot of money, a computer and people with management skills worth between $30,000 and $200,000 per year.
There is no reason ANYONE should be making a few to tens of millions of dollars managing an insurance pool - we are paying them WAY more than they are worth.
Outsie of the obvious psychos on this board you are easily the biggest tool here. You understand zero about business or economics.
SHareholders are the last to be paid, as the owners are always the last to be paid. I'd suggest a course in business before you go showing how stupid you are again.
And insurance companies know that a certain percentage of claims made are simply fraudulent.
Is there a point you are trying to make here?
Most people are satisfied with their insurance coverage. Most people not covered either do so out of choice or could be covered under existing programs, or are illegals. So we have passed an uber-expensive entitlement program that will make things worse. Some progress.
Fortunately I expect the courts to throw out the legislation based on the unconsitutional mandate to purchase insurance.
Mr Clean,
Thank you for the factual comment.
You wouldn't recognize a factual comment if it bit you in your aids-infested ass.
My, my such a foul and abusive comment coming from one of the chosen-people !
I think it's time for you to say hi to your holocaust-denying pals Shogun and SunniMan on iggy.
Insurance companies will routinely deny claims knowing that a certain percentage of policy holders will, for whatever reason, pay the expenses out of pocket rather than going through the hassle of contesting the denied claim.
BEEEEP! WRONG ANSWER!
That's the New York Times losing "Let's fuck half our potential audience" business model and it's a total failure.
Insurance companies have to compete against other insurance companies, so if a company acted like that, their business would go elsewhere. We need to allow insurance to be sold across state lines and need to encourage Medical Saving Accounts
Back to the drawing board
And insurance companies know that a certain percentage of claims made are simply fraudulent.
Is there a point you are trying to make here?
Most people are satisfied with their insurance coverage. Most people not covered either do so out of choice or could be covered under existing programs, or are illegals. So we have passed an uber-expensive entitlement program that will make things worse. Some progress.
Fortunately I expect the courts to throw out the legislation based on the unconsitutional mandate to purchase insurance.
Shame The Devil, tell the truth...
You work for Blue Cross, don't you?
And insurance companies know that a certain percentage of claims made are simply fraudulent.
Is there a point you are trying to make here?
Most people are satisfied with their insurance coverage. Most people not covered either do so out of choice or could be covered under existing programs, or are illegals. So we have passed an uber-expensive entitlement program that will make things worse. Some progress.
Fortunately I expect the courts to throw out the legislation based on the unconsitutional mandate to purchase insurance.
Shame The Devil, tell the truth...
You work for Blue Cross, don't you?
Actually I'm an independent business man. Try it sometime. It will prevent you from looking like a complete moron on these boards.
I'll pass.
Shame The Devil, tell the truth...
You work for Blue Cross, don't you?
Actually I'm an independent business man. Try it sometime. It will prevent you from looking like a complete moron on these boards.
Moron enough to resort to name calling?
I was just going to ask this question. The senate bill mandates that 80% be spent on patient care. I am not that business-savvy, but was curious what other service industries consider reasonable operating costs and profit margins. Is 20% reasonable?
Social Security pays out 98.8% of premiums collected in benefits. I would say that there is your gold standard, at least for an option that does not need to feed million-dollar executives.
I was just going to ask this question. The senate bill mandates that 80% be spent on patient care. I am not that business-savvy, but was curious what other service industries consider reasonable operating costs and profit margins. Is 20% reasonable?
Social Security pays out 98.8% of premiums collected in benefits. I would say that there is your gold standard, at least for an option that does not need to feed million-dollar executives.
And how many billions is Social Security in the red?
Do you think a private company could survive with that kind of loss?
I don't think you can use any government funded program and use that as the "gold standard." It will lose everytime.
Why should insurance companies spend anything on their stupid customers or employees? Fuck them! 100% should go to profits!
