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The Water Cooler
General Discussion
Surprised No One's Talking About the Big Obamacare Rate Hike Requests???
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<blockquote data-quote="4play" data-source="post: 2766623" data-attributes="member: 7223"><p>It's as simple as balancing your budget in two hands, one hand is profits, other hand is losses, switch the two back and forth to whatever you decide to your advantage. It baffles me that a lot of insurers are non profit, but anyway they are allowed to stack up billions of dollars of surplus, money collected from premiums and considered to be net profit to them. That surplus does not have to count on what they pay out on claims, and losses don't have to come out of surplus either. These surplus amounts typically are 3+ times the amount of money they actually need to remain solvent</p></blockquote><p></p>
[QUOTE="4play, post: 2766623, member: 7223"] It's as simple as balancing your budget in two hands, one hand is profits, other hand is losses, switch the two back and forth to whatever you decide to your advantage. It baffles me that a lot of insurers are non profit, but anyway they are allowed to stack up billions of dollars of surplus, money collected from premiums and considered to be net profit to them. That surplus does not have to count on what they pay out on claims, and losses don't have to come out of surplus either. These surplus amounts typically are 3+ times the amount of money they actually need to remain solvent [/QUOTE]
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The Water Cooler
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Surprised No One's Talking About the Big Obamacare Rate Hike Requests???
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