"Attorney general seeks death penalty for Luigi Mangione."
(media.scored.co)
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Got any proof to go along with that statement?
It's easy to calculate.
Take the total paid into the company from insurance premiums, then subtract the amount paid out for claims. Divide that amount by the Value of Statistical Life, and you get the equivalent number of people killed by the insurance company.
Since the company has profits of $14.4 billion, then they have killed more than 1920 people equivalent. And that of course is a very conservative underestimate, since profits don't include non claims overhead such as wages and rent.
I don't get the calculation. If I'm generally healthy and will not need much in terms of health coverage but I do have a good insurance payed by my employer - would the extra money I put in go towards the number of people killed?
What is the ideal insurance company from the perspective of the customer? What is the ideal insurance company from the perspective of the stockholder?
What is the purpose of an insurance company from the perspective of the customer? What is the purpose of an insurance company from the perspective of a stockholder?
Also, how do you calculate the expected value of a bet?
It depends, are we calculating for a business that actually has an incentive to exist, or a magical altruism portal that runs on fairy dust?
I was just asking about the formula. I understand the idea of being in the best interest of the company to not pay insurance but the formula would need to be how many claims for life saving are being denied that caused the person to die do to either poor care or debt.
The point would be that the insurance needs to be useful, bad insurance policies can tank a company. So ideal would be one that offers good / great service while also being expensive enough as to bring in profits.
You didn't answer his question
Solvency is a prerequisite. I know the ACA tried to create Healthcare via insurance companies, but its an idiotic approach even if you're an advocate for "free" healthcare (especially if, really).
That's retarded.
It's a rhetorical question.
We'll never know because under the current system people like him are never held accountable.