Re:I wasted $40k on a fantastic startup idea (2020)
by jrs235 on Monday March 28, 2022 @01:03PM
(#30832736)
>But insurance companies want you to need as little care as possible.
Sadly this isn't true. Regulated insurance companies that must pay out a minimum percentage of premiums (in other words their profits are limited by cost plus pricing) don't care if prices stay down. They only care about stability and no surprises in a given year and are okay with prices continuing to go up and up and up.
*Amount of care and prices/costs are not exactly the same thing but they are highly correlated.
Re:I wasted $40k on a fantastic startup idea (2020)
by tehlike on Monday March 28, 2022 @12:54PM
(#30832612)
i am not sure if this is true from incentive pov. Insurance would love to tuck in as much premium as possible, and if it comes at greater cost for care, be it.
https://www.healthcare.gov/health-care-law-protections/rate-...
I realize I'm a total armchair advisor here and what the hell do I know. But reading how this person approached potential customers I kept thinking "oh man I wonder what will happen when he talks to the insurance companies, why would they not be interested?"