The truth about health care and insurance companies.
You may wonder about all the talk about the mess that has been created in the health care industry.
You would be right to worry…
What you do not know about the health care insurance industry could kill you.
Insurance is really a simple thing, however insurance companies have for many years carefully devised in just the right way so that they keep more money than they pay out.
The central idea is that by allowing an insurance company to create a group of individuals and then cover everyone because some of those insureds will not need medical care or help.
Some of those people will be healthy and so the end result is that the insurance company makes a profit by managing the risk and denying coverage to some so that they can provide a lessor coverage to others.
Risk is simply defined as well, however again these insurance companies have developed methods that in some instances can create more risk instead of solving the issues that currently exist.
Insurance is the equitable transfer of the risk of a loss, from one entity to another in exchange for payment. It is a form of risk management primarily used to hedge against the risk of a contingent, uncertain loss.
An insurer, or insurance carrier, is a company selling the insurance; the insured, or policyholder, is the person or entity buying the insurance policy. The amount of money to be charged for a certain amount of insurance coverage is called the premium. Risk management, the practice of appraising and controlling risk, has evolved as a discrete field of study and