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A comment on Analysis: Health care CEOs hauled in $4B last year as inflation pinched workers. Parent comment

Re:Analysis: Health care CEOs hauled in $4B last year as inf... by maxerickson on Friday August 18, 2023 @08:55PM (#37184256)
Insurance should be a miserable business to be in though. It's providing a straightforward financial service.
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Re:Analysis: Health care CEOs hauled in $4B last year as inf... by s1artibartfast on Friday August 18, 2023 @10:44PM (#37184969)
Agreed. Current insurance companies have profit margins caps by regulation. This is actually an incentive to drive up healthcare costs because 5% of $200 is more than 5% of $100.

I'm curious what barriers there are to prevent a company coming in offering insurance at 1% profit and undercutting the competition

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