How Does Healthcare Insurance Work?

How does health insurance work?

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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.

Reply (0) Sleeves04 (5 months ago)

Jesus, Gary sucks

Reply (0) Hippodameia (6 months ago)

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.

Reply (0) MrMortgage1 (7 months ago)

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

Reply (0) devonneescobedogkck (8 months ago)

Dosn`t matter if you're looking for a cheaper rate or a different coverage plan altogether, we can help

Reply (0) banstaman (8 months ago)

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.

Reply (0) wongagency (8 months ago)

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.

Reply (1) chetdude (9 months ago)

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...

Reply (0) drchrishansen (9 months ago)

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!

Reply (0) Metelex808 (10 months ago)

America should just become socialist. So much easier

Reply (0) sukiannab3ll3 (11 months ago)

I agree with it very much as I am a good Example....My Insurance Company pay all my BiLL.....

Reply (0) exbronco1980 (11 months ago)

i hate living in the US

Reply (0) insurancequotesrus (11 months ago)

Excellent info - thought your use of graphic effective - well done!

Reply (0) jlee106 (11 months ago)

this is awesome.

Reply (1) damothegreatestone (11 months ago)

hi: new zealand costs: broken leg and pregnancy=$0.00. wake up america

Reply (0) Lengo67 (11 months ago)

When you sign up for coverage, you join a group of people who help the insurance company lobby in Washington!

Reply (0) Lengo67 (11 months ago)

This is the way it works? Not so fast! Who pays the insurance company's employees? Why doesn't BlueCross/BlueShield pay taxes? How does BlueCross afford to spend $2.3 million on lobbying? My money goes to help my neigbors? Not so! Only a portion goes to helping my neighbors, and another portion goes to paying salaries and lobbyists.

Reply (0) lilsk8boardcame (12 months ago)

thank you

Reply (0) BurnsideStudios08 (1 year ago)

This is not the American model. Insurance companies get majority of there money from the healthy and when a healthy person gets sick they get dropped.

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