Quote:
Originally Posted by Fuzz
This is just nonsense, because it ignores all the ILLEGAL ways insurance companies get away with denying payouts. Look, you seem to not be very educated on the facts around how insurance companies operate, so maybe go look into it a bit before you say they are just playing the game.
I understand how premiums, coverage, and risk calculation works. That's not at all what this is about. You also ignore the massive profits they make. How do they make those? Ya...
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They make “Massive profits” by collecting a massive amount of premiums.
https://www.unitedhealthgroup.com/co...-Form-10-K.pdf
Here is the annual report from 2023.
If you go to page 28 you can see there operating income
They earn 371 billion per year and have 340 billion in operating expenses and 3 billion interest and have an earnings before tax of 29 billion or an 8% profit margin.
If the problem is rejecting 50% of claims then that suggests there would need to be higher premiums to approve claims at the rate you would find acceptable.