I got this question today in response to forwarding Louis Proyect's post on insurance companies screwing old folks.
How does one start their own insurance company ? I have about 30 - 50 friends and family that would join, some of us pay $600 a month or more for health insurance. How many would it take in the group to pay the dr bills ? Dont you know these kinds of things, or how to figure them out? And if that dont work - tell me whey I should not be self-insured. even if there was catastrophic medical costs, they would take 600 a month endlessly. any thoughts on that ? A problem is all these folks who dont dare go self insured or uninsured no matter the cost of insurance. I feel like one of em and I dont like it.
Any suggestions for this fellow? Gene Coyle
