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Insurance Business | 07 Jul 2017, 10:37 AM Agree 0
“The ones that are going to make it and the ones that are going to grow and the ones that are going to make money are the ones that can actually manage the risk”
  • RD | 07 Jul 2017, 08:30 PM Agree 0
    Huge losses will either make a company pull out of a state (as it does with property & casualty insurance) or make them raise the rates to compensate. If you can't raise the rates or if you can't raise the rates enough to compensate for the losses there is no option except pulling out of the state (or go bankrupt). Its basic business - no company is going to incur millions in losses & not do something about it. If all the big insurance companies can't make it - then there is huge problem here - what makes someone think a small company can make it or manage the risk? People are NOT like property - sometimes you can not fix what is broken & the losses just keep coming. Health insurance can not solve everyones problems...You can not cover every one for everything - if you try the premium becomes unaffordable. GEEZ... Get the government OUT of the health insurance business - they can't even manage their own budgets - what makes anyone think they can manage health insurance?....
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