And I am sure no one has ever tried to defraud an insurance company, so all the balme has to be borne by them, right?
On Mon, Feb 16, 2009 at 5:01 PM, Judah McAuley <ju...@wiredotter.com> wrote: > > On Mon, Feb 16, 2009 at 1:37 PM, Gruss Gott <grussg...@gmail.com> wrote: > > Insurance makes money off of investing premiums. Paying out is a cost > > of doing business like any other business has to pay for computers, > > buildings, etc. > > Here's what you don't seem to get. Paying out is not only a cost of > doing business, it *is* their business. That's what they exist for. If > they didn't have to pay out we wouldn't need insurance companies. And > because it is a cost of doing business they are motivated to try and > reduce that cost. Which is quite reasonable. Except that the payouts > are what we, as consumers, are expecting them to do for us. They can > do it in some ways which are transparent to consumers, like > negotiating lower rates with doctors, and they can (and do) do it in > more obvious ways like denying claims and reducing coverage. Add that > in with increased rates and you have a situation which just isn't > beneficial to consumers. > > I'm not trying to demonize the insurance industry here. I'm just > pointing out that a fundamental part of private insurance is doing > less (payouts) for more (premiums) and that that isn't necessarily a > good thing for something routine and important like healthcare. > > Not that complicated really. > > ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Adobe® ColdFusion® 8 software 8 is the most important and dramatic release to date Get the Free Trial http://ad.doubleclick.net/clk;207172674;29440083;f Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:288722 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=11502.10531.5
