Andrew Ducker (andrewducker) wrote,
Andrew Ducker
andrewducker

Insurance Companies - a proposal for more transparency

I'd love it if insurance companies had to make it clear how much of the money they took in as premiums was paid out again to policyholders.

Because I don't object to pooling risk, but I do object to large rake-offs.

(The Affordable Care Act said that health insurance companies have to spend 80% of their income on medical care. I don't want to go so far as to regulate it. But if you make it public then people can at least take it into account when making their decisions.)

Via discussion here.



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