How much of vigour insurance premiums is profit?
Our local paper today reports 60% of the cost of the premium is profit to the insurance company. Can this be verified?
If it's true, then it puts a latest light on the subject of rising premiums and vigour care reform.
Answers:
I've hear thirty percent. Either way its repulsive, as that means that money isn't going to reward the light bills of the insurance company or their workers, it is profit on the health of the sick population they are supposed to be paying for.
60% is the standard profit outside edge for most goods and services. Think of insurance as a guarantee to help you salary for a common commodity, like beer. For every dollar you remuneration in beer insurance, you are guaranteed to get a $2.00 beer for $1.60. In other words the beer insurance covers the extra 40 cents. If the price of beer go up, your premium will also go up at a corresponding rate. You may also see a rise in your beer premium to repay for losses in the whiskey insurance sector. That is how health insurance works. you discharge them to pay out some of what you paid them to the actual provider of robustness care. You also pay the provider a copay amount.
you just nail the exact reason healthcare / insurance should not be profit motivated
Your local weekly is full of chit. There is the possibility that the idiot writing the story doesn't know what "profit" is. Premium income at an insurance company in a given year is generally approximately equal to operating costs.
If an insurance company could bring surrounded by 60% profit then overnight all the money contained by the world would be invested in them. Their stock would be selling for 10,000,000,000 a share or even more. They make a profit surrounded by line with the risk and system take over is one of the risks driving the value of the stock down into the toilet.
18,000,000,000 profit 2,000,000,000 overinflated salaries and bonuses for denying coverage!!
The idiot writing the story right. Premium income is not profit. Nice try. You work for the insurance company?
I would read aloud that is pretty close, considering the pay of the CEOs, Lobbyists, exposure, profit for the share holders, and a huge expense is the monies to the politicians. From 2000 to 2006, republicans received 2/3 of all the monies donated..millions! That is really expensive.
All this information is available on the internet. It amazes me that this scam has gone on as long as it have...the American people who are against reform are foolish. Source(s): http://www.watchblog.com/thirdparty/arch…
http://www.opensecrets.org/industries/in…
http://www.opensecrets.org/industries/in…
Related Questions:
If it's true, then it puts a latest light on the subject of rising premiums and vigour care reform.
Answers:
I've hear thirty percent. Either way its repulsive, as that means that money isn't going to reward the light bills of the insurance company or their workers, it is profit on the health of the sick population they are supposed to be paying for.
60% is the standard profit outside edge for most goods and services. Think of insurance as a guarantee to help you salary for a common commodity, like beer. For every dollar you remuneration in beer insurance, you are guaranteed to get a $2.00 beer for $1.60. In other words the beer insurance covers the extra 40 cents. If the price of beer go up, your premium will also go up at a corresponding rate. You may also see a rise in your beer premium to repay for losses in the whiskey insurance sector. That is how health insurance works. you discharge them to pay out some of what you paid them to the actual provider of robustness care. You also pay the provider a copay amount.
you just nail the exact reason healthcare / insurance should not be profit motivated
Your local weekly is full of chit. There is the possibility that the idiot writing the story doesn't know what "profit" is. Premium income at an insurance company in a given year is generally approximately equal to operating costs.
If an insurance company could bring surrounded by 60% profit then overnight all the money contained by the world would be invested in them. Their stock would be selling for 10,000,000,000 a share or even more. They make a profit surrounded by line with the risk and system take over is one of the risks driving the value of the stock down into the toilet.
18,000,000,000 profit 2,000,000,000 overinflated salaries and bonuses for denying coverage!!
The idiot writing the story right. Premium income is not profit. Nice try. You work for the insurance company?
I would read aloud that is pretty close, considering the pay of the CEOs, Lobbyists, exposure, profit for the share holders, and a huge expense is the monies to the politicians. From 2000 to 2006, republicans received 2/3 of all the monies donated..millions! That is really expensive.
All this information is available on the internet. It amazes me that this scam has gone on as long as it have...the American people who are against reform are foolish. Source(s): http://www.watchblog.com/thirdparty/arch…
http://www.opensecrets.org/industries/in…
http://www.opensecrets.org/industries/in…
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