Insurance is a terrible name for what we have, its not insurance, its blackmail.
You dying and zero being paid out by the insurance company is the best profit margin they can ask for, that's the entire goal of an insurance company at this point.
You dying and zero being paid out by the insurance company is the best profit margin they can ask for, that's the entire goal of an insurance company at this point.
This presents it's own set of tradeoffs, namely between decreasing premiums to attract subscribers, and what is covered, to keep subscribers happy.
for instance, I may be negotiating my salary and get to mutually-agreeable amount X. I can then say I do not want to be covered by your health insurance but in lieu of that I need my salary to be X+$30,000 to cover the cost of the health insurance I will purchase myself for my family. the company of course can say yay or nay on that but this is the avenue one can explore to get around this company-provided-HI nonsense.
Subscribers are never happy, it’s very expensive and fails to cover many things. But what choice is there? Don’t get coverage and hope you don’t get sick? Often times you don’t even get a choice… the company decides what plan and such you can get. So no, there’s no incentive to do the right thing other than the potential loss of corporate customers (which don’t have the same incentive as individuals) or potential lawsuits.