Approved claims, and no profits. Once you start approving claims, the hospitals and healthcare companies will continue charging whatever they want to. The Insurance game is a losing proposition if claims must be paid, it only works if they’re allowed to deny claims. It’s a nonstarter. Which is why in a nation with a functioning public healthcare system, Insurance companies aren’t necessary. Healthcare costs will always outpace the income an Insurance company will charge.
Approved claims, and no profits. Once you start approving claims, the hospitals and healthcare companies will continue charging whatever they want to. The Insurance game is a losing proposition if claims must be paid, it only works if they’re allowed to deny claims. It’s a nonstarter. Which is why in a nation with a functioning public healthcare system, Insurance companies aren’t necessary. Healthcare costs will always outpace the income an Insurance company will charge.