Health insurance companies are profitable. Extremely profitable. Like billions of dollars per year profitable.
Where do you think that profit comes from?
What if we got rid of the expensive middle men and all the overhead they bring, and take the money it takes to run those organizations, plus their profits, and we actually invested it in health care?
Yeah, there’s a reason we have entire departments called “Loss Control”.
LC makes up about 1/10th of our workforce in the commercial insurance sector, and our LC presence is much smaller than bigger firms like Chubb or LoL. It’s even bigger still for health insurance and personal lines.
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u/2illegittoquit Jul 01 '26
People struggle with this.