How will the underwriters adjust their policies to avoid massive losses now that pre-existing conditions must?
be covered? Will they balloon their rates out of control? Will they add huge deductibles? Will they lower their total payable benefit limits? How do you think insurance companies will adjust to remain profitable?
Asked By: FizzyBubbler Lives Forever! - 3/22/2010
Best Answer - Chosen by Asker
The insurance companies agreed to stop the pre-existing stuff and the limit caps ONLY if the government made everyone buy a policy. That is why the "forced" thing. It's the insurance companies insisting on it. You hit it. They couldn't make enough money to suit themselves otherwise. You see, those who go without... More
Answered By: iris054 - 3/22/2010
Additional Answers (7)
Up, Up and away The bill restricts them from applying yearly or lifetime limits that is why there are mandates included. And once the mandates are ruled unconstitutional, and they will be, prices will sky rocket.
Answered By: imaxkr - 3/22/2010
How did Lloyds of London adjust their policies to avoid massive losses from drunk sea captains... More
Answered By: brown9500v17 - 3/22/2010
I can tell you this - they won't cut exorbitant executive salaries and bonuses. That would take a vi@lent revolution.
Answered By: Pluto C. Rat - 3/22/2010
Rates already balloon out of control. That is one reason for passing this bill... More
Answered By: mom - 3/22/2010
i agree with Iris fuzzy -- you are wrong here -- there was not much of a choice accept to go with the same thing we had... More
Answered By: The Big A -- American Atheist - 3/22/2010
Insurance is a racket at the best of times... More
Answered By: Trout - 3/22/2010
I don't know all the details of the new healthcare changes, but re-insurance may come into play here. Insurance companies routinely insurance themselves against loss to hedge their losses, reduce risks, including changes in law requiring policy changes... More
Answered By: mlee - 3/23/2010
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