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Insurance is a very complicated business. Given you've listed negotiating rates with doctors as your first bullet, I imagine you should do some reading first on
by calgaryeng 13y ago
Insurance is a very complicated business. Given you've listed negotiating rates with doctors as your first bullet, I imagine you should do some reading first on just how complicated the financial and regulatory side of the business is.
You can't just "charge more in premiums than you pay out". That is how insurance USED to work. Nowadays it's all about carry on people's money. If you are posting on hacker news about insurance I think you are in over your head :(
- kbelbina 13y agoYeah, I certainly am in over my head but I look at Stripe as an example of how everyone knew PayPal integration sucked for years but everyone thought it would be 'too hard' to compete. They came a long and took a developer focussed approach and have hit out of the park. Certainly starting a health insurance company is an even greater challenge, but everyone acknowledges what currently exists is painful for the end-user and because it's so hard the rewards are potentially massive.