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Administrative fees =/= “profit”. That is wrong. Administrative fees include profit, but also salaries, IT expenses, whatever other costs it takes to actually
by huitzitziltzin 5y ago
Administrative fees =/= “profit”. That is wrong.
Administrative fees include profit, but also salaries, IT expenses, whatever other costs it takes to actually run an insurer.
- s1artibartfast 5y agoIs the rest correct? That is to say, there is an incentive for higher overall insurance spend, because it allows for higher admin fees (including profit)