A FACEBOOK FRIEND’S COMMENT
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I hate insurance companies…why are the decisions of our future based on their bottom line?
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Well, insurance companies are really “us” in disguise. Don’t you really want the pool to well-managed properly-risk-adjusted and fiscally sound? This way when you make a claim against the pool, there’s “water” in it? :-) The average profit margin in running insurance is more than a grocery store, but a lot less than WalMart. Think back to the old days of our grandparents when there was no “health insurance” and one good illness would completely ruin families financially, emotionally, and physically. With proper insurance, getting sick is not a complete disaster. The insurance companies need a better brand manager.
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