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Imagine buying health insurance from someone for whom it's a hobby.
by liaukovv 6y ago
Imagine buying health insurance from someone for whom it's a hobby.
- breakfastduck 6y agoI get the point you're trying to make, but actually your example is one where I wouldn't mind. I'd rather my bad health not be the central profit driver for someone...
- liaukovv 6y agoPerharps amateur stock broker then?
- eecks 6y agoAren't health insurance companies losing money by paying out? It's in their interest that their paying customers stay in good health.
- agentdrtran 6y agoalternative, it's in their interest to make paying out as difficult and byzantine as possible.
- epanchin 6y agoI understand it as - premiums are limited by law as a multiple of payouts. The more they pay out, the higher premiums they can charge. So, peversly, the more they pay out, the more they can make.
- sagarm 6y agoHealth insurance companies are allowed to make a certain percentage of profit, so they actually don't have a strong incentive to keep payouts down.