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Insurance companies are required to spend something like 80% of premiums on claims.

This sounds like a really good thing, almost everything coming in has to go back out…

What it really means is they love high “allowed” prices. They live on the 20% and want to see the pie as large as possible.

Healthcare costs go up? They raise premiums — win-win.

The road to hell is only paved with good intentions.





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