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Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010) |
hedgehog (1000+ posts) Send PM | Profile | Ignore | Sun Aug-23-09 04:19 PM Original message |
How do private insurance companies make a profit? |
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SoCalDem (1000+ posts) Send PM | Profile | Ignore | Sun Aug-23-09 04:20 PM Response to Original message |
1. They skim off 35% (or more) off every dollar you send them |
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valerief (1000+ posts) Send PM | Profile | Ignore | Sun Aug-23-09 04:23 PM Response to Original message |
2. Overcharge, invest, underprovide. Legal Sally Tomatoes. nt |
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Gormy Cuss (1000+ posts) Send PM | Profile | Ignore | Sun Aug-23-09 04:27 PM Response to Original message |
3. Most of the profit comes from investments. |
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Texasgal (1000+ posts) Send PM | Profile | Ignore | Sun Aug-23-09 04:31 PM Response to Original message |
4. private insurance companies |
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hedgehog (1000+ posts) Send PM | Profile | Ignore | Sun Aug-23-09 06:27 PM Response to Reply #4 |
9. When I was a kid, we used a pancake syrup we called "29 cents off". |
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FarCenter (1000+ posts) Send PM | Profile | Ignore | Sun Aug-23-09 04:38 PM Response to Original message |
5. As a example see United Healthcare Groups SEC filings |
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SoCalDem (1000+ posts) Send PM | Profile | Ignore | Sun Aug-23-09 04:39 PM Response to Reply #5 |
6. ponzi, comes to mind |
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FarCenter (1000+ posts) Send PM | Profile | Ignore | Sun Aug-23-09 04:50 PM Response to Reply #6 |
7. It does appear that they might go broke in certain kinds of epidemics |
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madrchsod (1000+ posts) Send PM | Profile | Ignore | Sun Aug-23-09 05:50 PM Response to Reply #5 |
8. that`s why they are waging an all out war on single payer.... |
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Telly Savalas (1000+ posts) Send PM | Profile | Ignore | Sun Aug-23-09 07:38 PM Response to Reply #5 |
11. Life insurance in contrast gets much more of its revenue from investments. |
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FarCenter (1000+ posts) Send PM | Profile | Ignore | Sun Aug-23-09 07:44 PM Response to Reply #11 |
12. Whether investments are involved would depend on the product |
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andym (1000+ posts) Send PM | Profile | Ignore | Sun Aug-23-09 07:57 PM Response to Reply #5 |
13. A quick calculation show that premiums exceeded medical costs by 19.6% |
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Gormy Cuss (1000+ posts) Send PM | Profile | Ignore | Mon Aug-24-09 05:11 PM Response to Reply #5 |
14. One of their expenses is lobbying. |
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Orsino (1000+ posts) Send PM | Profile | Ignore | Sun Aug-23-09 06:28 PM Response to Original message |
10. Very well, thanks. n/t |
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DU AdBot (1000+ posts) | Fri Apr 19th 2024, 10:10 PM Response to Original message |
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