Quote:
Originally Posted by graciegirl
It isn't that people are uncaring. Somebody has to pay for all medical procedures. It is based on graphs and numerical formulas. Insurance is based on paying in and paying out and has to have money "in" to pay "out". It isn't about the haves or have nots and has nothing really to do with our moral responsibility. It is numbers.
You cannot get blood out of a turnip. You know that. You are from Ohio.
Using software that computes a predetermined algorithm, insurance underwriters gauge the risk that you may file a claim against your policy. These algorithms are based on key indicators about you and then measured against a data set to weigh risk.
|
United Healthcare (UNH) is at close to its 52-week high right now. The 52 week range is $187.72–$324.57. That means about a 34% increase in the past 52 weeks.
Healthcare stocks took a little hit at the beginning of Covid but have bounced way back. (Of course, maybe the execs are doing stock buybacks with their corporate tax break money. Companies have spent trillions of their tax break dollars buying back their own stock.
Unrestrained greed is bad economics.
Insurance companies sure seem happy lately and I do not think it is because they are losing money — or think they are going to.