Insurance companies make their money

[CrusaderFrank]

How do insurance companies make their money?

 

[Luddly Neddite]

Since you put this in this particular forum, you must still think health care insurance companies are somehow different from other insurance companies.

Bet you still think ObamaCare is a product you can buy ...

Insurance companies make their money the same way other businesses do - by paying out less in cost of business expenses than they collect in income.

Duh.

 

[MeBelle]

How do insurance companies make their money?

They sell pineapples?




I gotta find me a new vig, bet?

 

[CrusaderFrank]

Since you put this in this particular forum, you must still think health care insurance companies are somehow different from other insurance companies.

Bet you still think ObamaCare is a product you can buy ...

Insurance companies make their money the same way other businesses do - by paying out less in cost of business expenses than they collect in income.

Duh.

You mean a forum with the word "Insurance" in it?

Gee, where'd I go wrong?

 

[Mr. H.]

Actuarial science.

 

[Mr. H.]

Insurance is like Vegas.
In the end, the house always wins.

 

[Mr. H.]

The Affordable Care Act is designed to bring more bettors to the table, whether or not they hold stakes. For those stakes are covered by people who have no intention of participating at that table in the first place. Yet, they are forced to do so.

 

[Mr. H.]

Under penalty of law.

 

[Dot Com]

ok Frank1400PennAve, whats your point?

 

[dblack]

Since you put this in this particular forum, you must still think health care insurance companies are somehow different from other insurance companies.

They are now. They have captive customers.