v1switch (November 30, 1999 at 12:00 am)
In theory this is true. However, Insurance companies are "for profit" companies, naturally,, and therefore need to make money on your premiums. They do this by investing the money you pay into your premiums, just like banks do. The burden of your healthcare is not borne out by your "group", but by the profits the company makes on your policy; to be more precise, the profits made on your group's policies. This is why there is an incentive to deny you your benefits.
Sleeves04 (November 30, 1999 at 12:00 am)
Jesus, Gary sucks
Poonard (November 30, 1999 at 12:00 am)
@chetdude whats funny...if you would rather have social health care. insurance companies would only get fatter, richer, and have more obscene profits. Who do you think is helping write the legislation? lol, don't be stupid man, big companies are here to stay and thats how it is.
Hippodameia (November 30, 1999 at 12:00 am)
Nice ad, but what if one of those group members isn't careless and never has to draw on insurance? What then? Their money just goes down the toilet. It's impossible for each group member to benefit equally from this money pool; why don't people direct their hard earned capital elsewhere and just be accountable for themselves? Or, if they still wish to adhere to this "safety in numbers" idea, they could form their OWN insurance group. No middleman needed.
MrMortgage1 (November 30, 1999 at 12:00 am)
great simple an effective vid.
Of course the amount you pay for your cover vaires by insurer and this isn't addressed.
You really need to get quotes from multiple providers to make sure you're getting the best deal around.
Sites like cheapest-insurance. info can help a lot with this
devonneescobedogkck (November 30, 1999 at 12:00 am)
Dosn`t matter if you're looking for a cheaper rate or a different coverage plan altogether, we can help
banstaman (November 30, 1999 at 12:00 am)
I think in Gary's case, it wouldn't be health insurance, but more like life insurance. I still don't understand insurance, especially health and auto. I mean most times, you're denied coverage anyway, and that's even if you pay your premiums.
wongagency (November 30, 1999 at 12:00 am)
You can NEVER make a complainer happy. No matter what "they" will always see the glass Half Empty and complain about it.
This video is well put together simply as an education...Period. STOP whining about everything.
chetdude (November 30, 1999 at 12:00 am)
It looks like this screed was created by an insurance company.
They conveniently left out their obscene profits, fat executives with their perks and their armies of claim deniers...
drchrishansen (November 30, 1999 at 12:00 am)
HUGE problem! Only explains the risk model - poorly. Health insurance has a fiduciary responsibility to the SHARE-holder not the POLICY-holder. This means that companies are required by law to increase the value of a share over the "public good" Adhering to legality avoiding morality.
Save your money - spend it instead on good food, use that gym membership/equipment that you bought, get some sleep, turn off the TV, and enjoying your family. That is the best risk mitigation!
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