Quote:
Originally Posted by Pooka
And no... Health Insurers are not Profitable... there margin is below 3%
Here is another facinating article on that topic: How profitable are health insurance companies?
http://www.marginalrevolution.com/ma...companies.html
Opening the "pool" to include everyone regardless of pre-existing condition is going to bankrupt these companies. They balance the risk and raise rates based on demographics including, but not limited to age, gender and overall health of the population sharing the risk ... or the "pool" if we are all in it... well... |
Maybe you're cool with accepting some blogger's estimate as to what the numbers mean, but I'm not. The person whom you quote above even admits that he is just doing a rif.
And if insurance companies are so terribly unprofitable, why do they still exist? Somebody out there is filling up their pockets.
Poor little insurance company - there, there, there. Would ums like a golden parachute?