> lavish lifestyle funded by his company's industry-leading rate of coverage denials
It's really astonishing how many people believe this. But actually in the US the higher the coverage denials the LOWER the company profits. What actually happens is more denials reduces premiums, making the insurance cheaper to buy.
It's really astonishing how many people believe this. But actually in the US the higher the coverage denials the LOWER the company profits. What actually happens is more denials reduces premiums, making the insurance cheaper to buy.
See this full thread: https://news.ycombinator.com/item?id=42642405 if you want to try to understand more.