Originally Posted by Dallas Chief
Assuming that an insurance companies revenue is entirely made up from the premiums it charges its customers, how are they to stay in business when 80% of said revenue now MUST go towards the cost of medical care? The article calls out that this group of insurers already have a higher overhead than do the companies that sell insurance to companies for their employees. That leaves 20% of their revenue to cover their operating costs. In effect, that puts these guys out of business, therefore leaves the people that are purchasing plans from them uninsured.
In what world are you living in that a positive thing?
You see I read the article...and not just the headline.
Exactly. All it's doing it robbing from Peter to pay Paul.