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Posted by tecwrg on 8/26/2017 7:33:00 PM (view original):
So what are you disputing about "we absolutely pay for everything in the end"?
So anytime an insurance company pays a claim, you consider it a payment from the public?
Just pointing out that the money comes from somewhere. And that somewhere ultimately is your own wallet.
The problem with Obamacare is that it did nothing to lower the cost of healthcare. My premiums have been rising at the same rate, if not more, post-ACA as they did before.
And I'm just pointing out that "we" aren't paying for it when someone has a claim paid by the insurance company.
The insurance company is.
Yeah. With the money "we" gave them.
Stop being such a dumbass.
If the burger joint up the road spends profits to buy a new cash register, did "we" pay for the cash register?
Of course not.
The burger place did.
Do you understand how insurance works?
Yes, but I'm a little mystified by your argument that insurance companies are an unnecessary middleman between the public and health care providers.
Who's making that argument? Because I'm not.
You're saying that when insurance companies pay claims, it ultimately comes out of the pockets of the public.
If that's the case, why have insurance companies at all? Why not just run it through the government?
You're apparently disputing the idea that when an insurance company pays a claim, that ultimately the money they are paying did not come from their customers.
I'm just trying to understand where you think the money to pay the claim came from. Did it just magically appear? Was it delivered by unicorns jumping over rainbows? Please enlighten the group here with how this all works.
I'm disputing the idea that we are the ones who ultimately pay for gender reassignment surgeries. We aren't. The insurance companies are who pay for it.
We pay premiums for our own coverage.
If you're arguing that insurance companies use premium revenue to pay claims, well, yeah, that's what happens. But when claims & UW expenses exceed premium volume, it's the insurance companies' problem, not ours.
So premiums wouldn't rise?
Why have my healthcare premiums been rising every year?
Oh, you're one of those people that blame high ticket prices on high player salaries.
Premiums go up because health insurance companies think that people will pay the higher premiums. We know premium increases aren't tied directly to cost increases because companies don't cut premiums after they have years with good underwriting results. The five biggest health insurance companies are going to make billions in profit in 2017 and will raise rates 4 to 5 percent in 2018.
The fact that someone else's gender reassignment surgery might be covered by insurance will not cost you a dime. The fact that the people running health insurance companies have a fiduciary responsibility to make as much money as they can for their shareholders will cost you a dime. Lots and lots of dimes.
Were you wearing your tinfoil hat when you posted this?
Insurance companies aren't going to change their premiums due to a specific year's "underwriting" results. Some years have favorable results compared to actuarial projections, and they make more profit. Some years have unfavorable results compared to actuarial projections, and they take a loss. Premiums for the next year will change based on projected claim payouts based on actuarial forecasts. The factor that changes from year to year is the ever rising cost of healthcare.
Maybe you should limit yourself to only looking like an idiot in baseball discussions, rather than also looking like an idiot when talking about insurance.