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No, because the insurance company needs a reason to jack rates year-after-year. They need the number of diabetic foot amputations to increase so that they can j
by jbob2000 10y ago
No, because the insurance company needs a reason to jack rates year-after-year. They need the number of diabetic foot amputations to increase so that they can justify increasing premiums.
- Quinner 10y agoDo you think insurance companies enjoy increasing rates for the sake of increasing rates? If they're increasing rates because their costs have gone up, they're not making more profit. And other insurance companies that have done more to control costs are likely to start taking their customers over time.
- nradov 10y agoThat is an extremely ignorant statement and not at all reflective of how the medical insurance business actually works. In reality most large group buyers are self-insured now and the "insurance company" just administers claims and payments without bearing risk. So they have no financial incentive to increase the number of diabetic foot amputations.