Comment by kortilla
2 days ago
Health insurance isn’t a great example. Profits are capped relative to premium costs so denying claims isnt a good strategy.
The only way denying claims can become a profit booster is to deny enough that premiums can be lowered enough to bring over more new members than was lost in revenue through the premium discount.
So denied claims come from people shopping for the cheapest insurance coverage possible.
No comments yet
Contribute on Hacker News ↗