The insurance company’s profits are capped at a percentage of what they pay out, so (generally speaking) they are incentivized to maximize the amount they pay o

The insurance company’s profits are capped at a percentage of what they pay out, so (generally speaking) they are incentivized to maximize the amount they pay out so that they can maximize their capped percentage profit. Aren’t they worried about costs? They just pass the cost on to the consumer via increased premiums. That’s the racket. Insurance companies are definitely not on the average person’s side when it comes to containing costs.