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Don't forget profit, and the incentive for insurance companies to care less about what they pay and probably prefer higher prices.
by pnutjam 7y ago
Don't forget profit, and the incentive for insurance companies to care less about what they pay and probably prefer higher prices.
- adventskalender 7y agoWhy would insurance companies prefer higher prices?
- pnutjam 7y agoTheir profit is capped at a percentage of payouts. Pay more keep more profits (after raising rates).