Do insurance companies profit from the sick?
I keep seeing answers that include phrases like "departure for profit", and "profit from the sick"...
As I understand it... You pay premiums to an insurance company so that when you seize sick, THEY PAY YOUR DOCTOR.
So, from whom does the insurance company make for profit... The guy who gets a policy and quickly develops cancer, or the guy who pays his premiums for 25 years without ever getting sick?
Answers:
Obvious answer: They profit from those that don't use it.
THe latter.
THey make their money from collecting premiums over a considerable pool of people ("the risk pool") and betting that the expense of delivering assistance to that large pool is less than the sum total of the premiums they transport in.
ANd yes....they try and "manage care" tightly to weaken the expense associated with it. Which isn't always as sinister as "don't treat" which the medium makes it out to be.....it can also be an emphasis on ably care, preventative care, etc....surrounded by other words, take care of the little things in the past they turn into big ones that are much more expensive.
Edit: Oh my. People here dont know much about healthcare financing. HOSPITALS charge for the tylenol they give surrounded by their 4 walls, not insurance companies.
Sheesh.
Insurance companies profit from healthy people. Just resembling if you never file a claim on your car insurance or on your homeowners insurance, it works indistinguishable for health insurance.
It's not they sick they profit from; its the healthy.
Basically when you take insurance, the insurance company benefits if you don't find sick.
they sure do why do you think within fighting so hard to save the government health charge option from passing the ceo's of the big insurance company's bonuses will be in motion down from 4,000,000.00 a month to 40,000.00 per month, all you people that are against form care reform really requirement to examine your heads,
Any company profits from the business they run or they would not be in business. Others also profit by the job that business provides.
They make their profit from people paying premiums and self denied because of preexisting conditions and being dropped because they put in too tons claims. Also charging $7.00 for a Tylenol in a hospital. That's why we need insurance industry reorganize.
the latter, of course. (that is me) When did business and profit become such a crime? Good grief.
Related Questions:
As I understand it... You pay premiums to an insurance company so that when you seize sick, THEY PAY YOUR DOCTOR.
So, from whom does the insurance company make for profit... The guy who gets a policy and quickly develops cancer, or the guy who pays his premiums for 25 years without ever getting sick?
Answers:
Obvious answer: They profit from those that don't use it.
THe latter.
THey make their money from collecting premiums over a considerable pool of people ("the risk pool") and betting that the expense of delivering assistance to that large pool is less than the sum total of the premiums they transport in.
ANd yes....they try and "manage care" tightly to weaken the expense associated with it. Which isn't always as sinister as "don't treat" which the medium makes it out to be.....it can also be an emphasis on ably care, preventative care, etc....surrounded by other words, take care of the little things in the past they turn into big ones that are much more expensive.
Edit: Oh my. People here dont know much about healthcare financing. HOSPITALS charge for the tylenol they give surrounded by their 4 walls, not insurance companies.
Sheesh.
Insurance companies profit from healthy people. Just resembling if you never file a claim on your car insurance or on your homeowners insurance, it works indistinguishable for health insurance.
It's not they sick they profit from; its the healthy.
Basically when you take insurance, the insurance company benefits if you don't find sick.
they sure do why do you think within fighting so hard to save the government health charge option from passing the ceo's of the big insurance company's bonuses will be in motion down from 4,000,000.00 a month to 40,000.00 per month, all you people that are against form care reform really requirement to examine your heads,
Any company profits from the business they run or they would not be in business. Others also profit by the job that business provides.
They make their profit from people paying premiums and self denied because of preexisting conditions and being dropped because they put in too tons claims. Also charging $7.00 for a Tylenol in a hospital. That's why we need insurance industry reorganize.
the latter, of course. (that is me) When did business and profit become such a crime? Good grief.
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