http://www.helpyourmoney.com/333/massachusetts-health-insurance-changes/ Find and Share Tips on How to Make, Keep and Grow Your Money Sun, 12 Oct 2008 10:45:19 +0000 http://wordpress.org/?v=2.3.3 http://www.helpyourmoney.com/333/massachusetts-health-insurance-changes/#comment-34575 Brad Ford Mon, 15 Oct 2007 13:44:02 +0000 http://www.helpyourmoney.com/333/massachusetts-health-insurance-changes/#comment-34575 Your math is not correct. If you paid $2,600 in premium during a year, you would probably be "not profitable" if you incured $1,500-2,000 in medical expenses. While consumers focus on the cost of the services received, the cost of managing a large health insurance program is huge. Since the government is involved, the expense ratio for the Mass plan is probably 30-40% of premium. Your math is not correct. If you paid $2,600 in premium during a year, you would probably be “not profitable” if you incured $1,500-2,000 in medical expenses. While consumers focus on the cost of the services received, the cost of managing a large health insurance program is huge. Since the government is involved, the expense ratio for the Mass plan is probably 30-40% of premium.

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