I've noticed that an awful lot of insurers around here seem to always be crying about "losing money" on seemingly every plan, now, and so demanding huge rate hi

I've noticed that an awful lot of insurers around here seem to always be crying about "losing money" on seemingly every plan, now, and so demanding huge rate hikes every year. I don't believe that they're actually that terrible at their jobs—not the parts that directly relate to P&L, anyway—so I have to assume this is some part of scam they've worked out.