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by BobbyTables2
226 days ago
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Insurance companies are required to spend something like 80% of premiums on claims. This sounds like a really good thing, almost everything coming in has to go back out… What it really means is they love high “allowed” prices. They live on the 20% and want to see the pie as large as possible. Healthcare costs go up? They raise premiums — win-win. The road to hell is only paved with good intentions. |
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