Yeah, its not the standard 7%, but they’re working in scale. If you 2 cents of every dollar, make sure you’re handling billions of dollars. And they do. There isn’t and real risk to any of the major players going belly up.
2%…
Should the industry work for free? Not being a smartass, sincerely asking.
This gets into some pretty murky waters. To me, it goes back to some basic questions.
Is it ethical to offer heath insurance agreements? I believe it is.
Is it ethical to hold people to the terms of those agreements? I believe it is.
Is it ethical to financially benefit from participating in an organization offering health insurance? I believe it is.
We’re in this weird in-between of free market ideas and socialism, where the power of government is being used to socialize costs but without simply nationalizing the entire industry.
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Oh, I know. I used to work for a robotics/tech company that was run by the CFO. Products made in Poland, with stickers that said “made in usa!”. 
No, they shouldn’t. And I get fiduciary responsibility.
I don’t have a great answer for it, but I know that accountants making surgical decisions isn’t the one either.
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That is a serious offense.
I would have been a whistleblower or a millionaire.
Which is a good thing. If they were running riskier than 2%, limitations and denials would be waaaaay higher. By law. It’s a seesaw.
They could realize more profit, and loosen the reigns.
But most people wouldn’t understand, wouldn’t see the aggregate claim approval improvement and would just be mad at the rate increases.
Or, providers could quit charging $5,000 per hour.
The only real argument if we want to keep the focus on insurance is “pay them less”, and I would say be careful what you ask for.
The $10m per year Brian was getting is already very low for CEO pay of similar sized companies, for reference.
But he’s barely a dent.
The army of financial analysts, accountants, secretaries, any title you can think of are usually paid commensurate to other industries.
If you dropped pay industry wide enough to actually affect premium or approval ratio changes, you’d wind up dealing McDonalds level employees and let’s just imagine what that landscape would look like. From customer service to billing, to claims processing to negotiations with providers
Yikes.
Yeah. We are. I guess my over arching point would be that the insurers went into this knowingly and willingly.
It just doesn’t jive that they become more willing to burn people for the government services they’re paid to provide for.
If its so bad, that terrible government work, why don’t they just jump out?
Shed that burden and go private provider. Say no to that gov. money?
That’s too much money for one man.
The wage gap between ceos and workers back then used to be less ridiculous.
I was getting paid a pretty penny and then some to not notice.
And social media and interwebs stuff wasn’t nearly as much of a thing back then.
Ok.
You drop your pay first. I’m sure you can get by on less.
Nah,
Workers keep their pay
Ceo drops their pay
Ethics 101. Whats good for the goose is good for the gander.
How does that apply to us?
If he can make that much so can you.
BUT!
If he can’t, then neither can you.
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I see.
Greed for thee, but not for me.
We all live our own paradigms, but given what I’ve read about you, you’re living financially better than probably 80% of the country. Even fresh out of college.
And, you’ll likely make it to the top 10%.
It doesn’t take as much as most might think, and a construction management career will get you there in time.
When you’re buying houses bigger than you need, vehicles with more features than you need and on and on, and driving by people in beaters literally struggling to pay bills month to month or worse, ask yourself if they should be able to dictate your pay because they don’t have what you have.
If the answer is legitimately yeah then fine. Start your life in a way that matches that value. If not, cut the shit.
And, as you progress your career and obtain raises commensurate with added responsibility, I believe you’ll start gaining new perspective.
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Shitting on people’s driveways?
No one is poor in America, it’s all temporarily embarrassed millionaires.
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If thats what they do to you, do it to them.
Those geese won’t know what hit 'em.
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If debt was an asset like Suzie Orman used to tell us, I’d be lighting cigars with -100 dollar bills. 
We should start geese-shitting insurance.
Then not pay cleaning, since the geese are illegal immigrants, and they take advantage of NAFTA to steal our seeds.
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If you can prove they were indigenous geese, and had not left the country including but not limited to the 3 mile international limit we will pay out a percentage of total cost of cleanup inversely proportional to the annual alotment of moneys designated for such purpose. Starting at year one, that is zero, and increases by a multiple of the percent total of the maximum, per annum, for a maximum of 10 years.
Your policy doesn’t cover Canadian geese.
Sound about right?