Its similar to government entities giving incentives to employers and over burdening the Single Family Homeowners. Employers can threaten to pack up and leave town, homeowners are a captive market without organized clout.Quote: beachbumbabs
Part of what you benefit from in a pool is negotiated rates that are well below no - insurance charges. I daresay that's the major advantage for most people.
I didn't know this. One of the reasons my g.d. health insurance payment is so high is it covers gambling disorder treatments. WTF?
you are also automatically enrolled for mental health coverage in O-care, so, more of an expansion of that idea I think
why wouldn't it be covered? I think you should be able to elect what you want covered. For example, I do not want or need to be covered for getting pregnant, but I am with O-care. And I may need the Gambling Problem coverage, ha ha ha, but I would like to elect not having it, thank you very much.
When is the human race going to figure out that insurance of any type is a scam? You are going to lose this bet and spend way more money on it than you'll ever get out of it.
Most insurance (auto, home, life) returns no more than 41% of the premiums to people that have claims. (I have no idea what the return is for health insurance, though.)
If life/home/auto insurance were a Vegas slot machine, it would be shot-down for insufficiently low rate of return.
By law, health insurance products must return 80% of premiums in claim payments for Individual and Small Group products (employers <50), Large group products and Medicare products must return 85% of premiums in claim payments.
That seemed incredibly high until I priced it without insurance (didn't think my company had approved my prescription ), just walking up and filling it. The cheapest quote was 280 for 30 days, and most over 300; no generic equivalent due to patent protection. That difference alone is about what I'm paying for my monthly premium. So whaddya know; thanks, insurance!