How Does Insurance Work?

Posted by Stephen Cline on January 21st, 2010

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 …

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10 Responses to “How Does Insurance Work?”

  1. MrMortgage1

    great simple an effective vid.Of course the amount you pay for your cover vaires by insurer and this isn’t addressed.You really need to get quotes from multiple providers to make sure you’re getting the best deal around.Sites like cheapest-insurance. info can help a lot with this

  2. You can NEVER make a complainer happy. No matter what “they” will always see the glass Half Empty and complain about it. This video is well put together simply as an education…Period. STOP whining about everything.

  3. It looks like this screed was created by an insurance company.They conveniently left out their obscene profits, fat executives with their perks and their armies of claim deniers…

  4. drchrishansen

    HUGE problem! Only explains the risk model – poorly. Health insurance has a fiduciary responsibility to the SHARE-holder not the POLICY-holder. This means that companies are required by law to increase the value of a share over the “public good” Adhering to legality avoiding morality.Save your money – spend it instead on good food, use that gym membership/equipment that you bought, get some sleep, turn off the TV, and enjoying your family. That is the best risk mitigation!

  5. what? why is it $0.00?

  6. America should just become socialist. So much easier

  7. or maybe it’s an attempt at explaining how insurance works, which few people understand. by your comment i doubt you do either. now that i watched it it’s actually a pretty poor explanation though, like the one i would give 5th graders.

  8. socialism isn’t voluntary is it? and insurance is risk mitigation.

  9. why would someone cover you for pre-existing conditions? if you get in a car accident do you then get car insurance?

  10. sukiannab3ll3

    I agree with it very much as I am a good Example….My Insurance Company pay all my BiLL…..

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