How Does Insurance Work?
16.November, 2008
Its about economy of scale. When you sign up for healthcare coverage, you join a group of other people to combine your healthcare purchasing power. Your insurer covers the whole group, rather than individuals, so everyone shares the cost of staying healthy.-Stay Smart Stay Healthy
See more vidoes at: http://www.youtube.com/user/staysmartstayhealthy
Duration : 0:2:0
16.November, 2008 um 2:06 pm
Free Health care is …
Free Health care is the worst thing. Free isnt good. Just look at our free public school system Its failing Catholic Privates school which is the 3rd largest school district in California Manages to Graduate 70% of its students and does it with much much less money. Public school systems on graduates about 40%
16.November, 2008 um 2:06 pm
Unfortuantly his …
Unfortuantly his health insurance company denies him for a stupid excuse about experimental leg casts or something like that and he dies two weeks later. Universal is better something like the french or the english have will be great but HMO’s that’s BS all they care about is money. Also Humana is no different there all basically the same.
16.November, 2008 um 2:06 pm
Hi Aussie
Hi Aussie
16.November, 2008 um 2:06 pm
american system is …
american system is fail
16.November, 2008 um 2:06 pm
How it worked for …
How it worked for my family: We paid expensive monthly premiums for years. Then when illness struck a member of our family we got fractional reductions on $thousands in crippling health care costs. All while continuing to pay premiums, which always exceeded what little was paid for us during any given month. Thanks tons. American health care is a racket.
16.November, 2008 um 2:06 pm
Watch Michael …
Watch Michael Moores “Sicko”. Poor americans, you should have a much more cost effective and friendly healthcare system totally run by the goverment. We have that in norway and its excellent! Britain and france too! (Almost) free healthcare for all!
16.November, 2008 um 2:06 pm
or you could live …
or you could live anywhere else in the world where your government pays for your healthcare.
16.November, 2008 um 2:06 pm
so how come my …
so how come my sisters er visit for her dislocated surgery cost more than my husband having angeo-scope on his spleen and cat scans and 3 days in intensive care?
16.November, 2008 um 2:06 pm
Public health care …
Public health care is the way forward for America!! Private corps do it for the profit, government does it to keep you healthy!
16.November, 2008 um 2:06 pm
If even 3rd world …
If even 3rd world countries have FREE universal healthcare, why the most powerful country in the world doesn’t? and why the cost of health is so expensive? why you have to chose between buying a house or delivering twins (1:02)? Answer= Money, this crap its a money game and the rules are two: 1. the costumer lose. 2. the company wins.
16.November, 2008 um 2:06 pm
This commercial is …
This commercial is attempting to tell us the wonders of insurance because they are afraid that President Obama will cut their profits and start legislation to gear up for national health insurance. If we had national health insurance we wouldn’t need these middlemen, and the CEO would be out of a job.
16.November, 2008 um 2:06 pm
Humana forgot to …
Humana forgot to say that they make money on it. It is not group of people who are helping each others. It’s a business. Companys like Humana earns money when they pay as little as they can.
16.November, 2008 um 2:06 pm
What the insurance …
What the insurance companies fail to tell you is that when it was just Blue Cross and Blue Shield, the insurance companies only kept seven percent for administrative cost and the rest went to healthcare. Now it’s more like ninety-three percent for administrative cost and seven percent for healthcare. ie. CEO’s make hundreds of millions in bonuses.
16.November, 2008 um 2:06 pm
propaganda
propaganda
16.November, 2008 um 2:06 pm
Humana … a Health …
Humana … a Health Insurance company ad .. how ironic.
16.November, 2008 um 2:06 pm
I am one of those …
I am one of those guys that have always loved America.. but seriously the Insurance system gotta be the worst ever.
16.November, 2008 um 2:06 pm
I knew this was …
I knew this was made by an insurance company. This video only demonstrates a not for profit system. This is not how insurance companies work.
In reality insurance companies are profit driven, where the goal is to deny people’s care when they need it, while padding their pockets.
They want everyone to be insured only because they are a business, a business of taking everyone’s money, not protecting people.
16.November, 2008 um 2:06 pm
Just live in the UK …
Just live in the UK. Free healthcare…
16.November, 2008 um 2:06 pm
Agreed, its all …
Agreed, its all about profit.
16.November, 2008 um 2:06 pm
The huge net gain …
The huge net gain by insurance companies is why I advocate eliminating insurance altogether. Save the money yourself. Buying any kind of insurance is a waste of money.
16.November, 2008 um 2:06 pm
yeap. healthy …
yeap. healthy people pay for the sick. how about the poor who don’t money for the insurance? in your perfect free world, who pays for them? i’m guessing no one..
16.November, 2008 um 2:06 pm
spelling fail!
spelling fail!
16.November, 2008 um 2:06 pm
What a scam!!!
What a scam!!!
16.November, 2008 um 2:06 pm
OR you could use …
OR you could use taxes and do exactly the same thing and not need to siphon profits off for shareholders and CEO salaries. Who woulda thunk…..
16.November, 2008 um 2:06 pm
the ad is …
the ad is misleading. They claim the insurer is “betting” they will pay less in claims then they receive in premiums.Not true. Most insurers pay out $1.05-$1.20 for every $1 they take in. Profit is made by investing premium dollars as soon as they get them and keeping it in the market for as long as they can. Shareholders are the ones that matter. Expect higher premiums for less coverage (if you can get it) in the near future due to the recent market crash. Welcome to the hard market, bitches!