health insurance WTF man!

[yyz]

I knew something was up when I seen yyz name tattoed on that guys ars

Oh, I'm sure something was "up" when you were looking at that guys arse.

 

[THE KOD]

such a nasty boy.

I am telling smurph you said that.

you work in a factory there in Wisc. ? Unions have good insurance

I think you said that one time.

 

[smurphy]

Oh, I'm sure something was "up" when you were looking at that guys arse.

:142smilie sorry, scott - this is kinda funny. he got you this time.

 

[THE KOD]

thanks mcmurphy

they dont call him cheesehead for nothing in
the union plant. Its hot and sweating in there.

 

[BobbyBlueChip]

Well, let's see....

Why do rates vary by state?

Companies many times will based rates based on the experience of the state - if they are doing well, states will be cheaper, if poorly, then prices are higher

Different states have different benefits that are mandated in each policy, which results in added costs.

PPO Discounts (the amounts hospitals and doctors discount their services) vary widely from state to state - even city to city. When comparies get better discounts, they can offer better prices to customers.

Hospital and Doctor costs also vary from region to region (before discounts are even applied).

There are more reasons, but I'm guessing most folks are bored already. :shrug:

It's funny - everyone calls the insurance industry "crooks" - but I think this is due to a lack of understanding by the consumer. In reality, most individual insurance companies have profit margins that range from 4% to 10% at most.

Compare that to furniture (over 100% markup), clothes (well over 100% markup), and insurance is a deal.

It's just that it is so expensive, so people automatically think it is unjust. Due to state regulation, most insurance carriers are limited in what they can charge. Effectively, they take the total claims, expenses to administer the claims/policies, commissions paid to agents and then add a 4-10% profit margin.

That doesn't seem like an unfair return on investment to me... :shrug:

I don't know that much about the insurance industry, but 4-10%??? - all the national insurance brokerage companies are averaging 20% pretax income as a percentage of revenue. Those numbers are unheard of by furniture and clothes manfacturers. It doesn't seem like much of a deal.

 

[Mags]

I don't know that much about the insurance industry, but 4-10%??? - all the national insurance brokerage companies are averaging 20% pretax income as a percentage of revenue. Those numbers are unheard of by furniture and clothes manfacturers. It doesn't seem like much of a deal.

Yep - brokerage agencies can make that easy. 1st year commissions for individual medical insurance - at the aggregator level - can be 35-40% of 1st year premium. Renewals drop off significantly, and are more in the 5-10% range after the 1st year.

Writing agents (they guy that actually sells you the policy) get 15-20% of the 1st year premium.

But the companies themselves? I stand by the numbers.... I've seen them all my life....

 

[MadJack]

Eee PC 2G Surf 7" Notebook - anybody have one?

Eee PC 2G Surf 7" Notebook - anybody have one?

oops, wrong thread.

 

[Lucy11]

NOW, if i switch, they wanna bring up that PRE-EXISTING BULLSHIT UP.

yeah, i've been on blood pressure meds since mid 20's. if i take my BP now it's 120/70 and ALWAYS is when they take it. it's ****ing CONTROLLED!

what's the sense of having insurance if they use pre-existing conditions??? that's why i NEED insurance, not for a broken leg, not for a doctors visit, not for a flu shot that i've never had either! i need it in case i have a heart attack. duh!

sorry for the rant, I'M PISSED!

may as well turn over all my assets to them and be "protected" in case of a big problem i have have in the future?

I don't know if anyone responded since I didn't read all the way through. As far as pre-x goes, the new carrier would eliminate the pre-x with a letter of cred. coverage from the previous carrier. As long as there wasn't more than a 6 week lapse in coverage, I believe.

**** them!

I don't know if anyone responded since I didn't read all the way through. As far as pre-x goes, the new carrier would eliminate the pre-x with a letter of cred. coverage from the previous carrier. As long as there wasn't more than a 6 week lapse in coverage, I believe.