Re:Filling hospitals with art reduces patient stress, anxiet...
by ceejayoz on Wednesday July 31, 2019 @01:11PM
(#20576197)
> Most health insurance has a profit margin in the vicinity of 10%.
Well, that's partially because they're legally required to spend 80% of premiums on patient care.
The end result is that higher premiums mean higher profits out of that fixed percentage of margin they're permitted to skim, so they don't fight cost increases too much - until people outright stop being able to afford the premiums, increases in them benefit the insurer's bottom line.
Well, that's partially because they're legally required to spend 80% of premiums on patient care.
The end result is that higher premiums mean higher profits out of that fixed percentage of margin they're permitted to skim, so they don't fight cost increases too much - until people outright stop being able to afford the premiums, increases in them benefit the insurer's bottom line.