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Law requires insurance companies to make profit.

Nurses   (1,239 Views 5 Comments)
by RedZeppelinRN RedZeppelinRN (Member)

RedZeppelinRN specializes in med/surg.

5,258 Profile Views; 248 Posts

I have read that insurance companies are required to make a profit for shareholders. How would this be dealt with?

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MrChicagoRN has 30 years experience as a RN and specializes in Leadership, Psych, HomeCare, Amb. Care.

2,589 Posts; 28,401 Profile Views

Shareholders fund the company. It is the responsibility of the board of director's to create an adequate return on investment.

This is done by charging premiums high enough to cover costs, managing risk, & controlling costs.

Pretty much the same way every business, and every household is run.

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RedZeppelinRN specializes in med/surg.

248 Posts; 5,258 Profile Views

I'm sorry. I meant with this law, how would it be possible to have universal insurance?

Thanks

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RedZeppelinRN specializes in med/surg.

248 Posts; 5,258 Profile Views

Refund investments?

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