HOw can the government dictate the profit margin for the insurance...

R

R J

New member
...companies with this health care deal? they say the insurance companies has to spend 8-% of premiums on health care. Health care is a little different than life or car insurance and besides if they can only keep 20% how much with their overhead cost them? What happens if they have a real bad year and no reserves?

If wrong please explain links would help
 
Well they set percentages for two reasons, to prevent blatant issues, and to ensure there is a standard of measurment. The whole concept of insurance is that it's suppose to save money, but maximizing efficiency.
 
Insurance companies have plenty of reserves, they also rely on "re-insurance", which are massive multi-national companies that insure the insurers.

Seeing Conservatives crying for insurance companies is pathetic.
 
Simple, by forcing the insurance companies to accept tax dollars. Once a business has or accepts tax dollars, it starts to lose some of it's private rights. EX: Auto Industry.
The banks that took TARP or any other tax dollars were forced to take "stress test".
Credit card companies and/or banks that had credit cards, were forced to regulate their fees and such.
 
I am sorry I did not buy health insurance

Answer my question

http://answers.yahoo.com/question/index;_ylt=AkVxZlnHWwFfQ4B6_x0mqlvsy6IX;_ylv=3?qid=20110519193105AA6lj5a
 
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