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Insurance firms have the unique benefit of being able to offload their costs to their customer base in the form of premiums. That and excess would be the approp
by lijok 2y ago
Insurance firms have the unique benefit of being able to offload their costs to their customer base in the form of premiums. That and excess would be the appropriate level to ration in the cost. Is that not verbatim how insurance works?
- peitho_pls 2y agoI look at it as Insurers generate float from upfront premium payments to invest in the market and generate returns and also cover future payouts. Then an insurer can go about negotiating the prices of treatment with health care providers to determine payouts.