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Old 02-08-2013, 12:12 PM   #53
BigCatDaddy BigCatDaddy is offline
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Join Date: Jul 2006
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Quote:
Originally Posted by FD View Post
I agree with your first sentence, but you missed my point. You said the 80% rule pushing companies into the red would cause them to raise premiums, but thats wrong. Any extra $ they raised that way would have to be reimbursed directly to their consumers unless they cut costs. Like I said, I dont think you understand how the 80% rule works.
No, it's not. Only 80% of the extra premiums would be paid to consumers. So the company is still keeping 20% of the raised premium. It's not a dollar in dollar out match.
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