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Aren't health insurance companies losing money by paying out? It's in their interest that their paying customers stay in good health.
by eecks 6y ago
Aren'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.