Exact(6)
Both of these things boost insurance company profits but do nothing to keep Americans healthier.
Mr. Obama says those payments "boost insurance company profits, but don't make you any healthier".
"We'll eliminate billions in unwarranted subsidies to insurance companies in the Medicare Advantage program — giveaways that boost insurance company profits but don't make you any healthier," Mr. Obama told AARP members.
But even one negative court judgment can boost insurance premiums so high that a doctor is forced to stop practicing, or to drop the "ob" from his or her ob-gyn shingle.
But until that next disaster arrives these rate increases will help significantly boost insurance company earnings.
With those slender margins, the key to profitability is avoiding costly workers' compensation claims, which boost insurance premiums.
Similar(54)
"This change won't really help insurers fight fraud," said Andy Goldberg, a Nypirg lawyer, "but it will prevent New Yorkers from filing legitimate claims while boosting insurance profits".
Whilst it is true that mobile microinsurance has boosted insurance coverage in cities, the question of how to do this in more remote areas is still very much an open question.
After meeting union leaders recently, Mr Sarkozy tried to head off more conflict by offering to raise family allowances, reduce income tax for the lowest-paid and boost unemployment insurance.
But much of it will be new money that has the potential to give the battered economy a boost, as insurance payments have done to places like California after earthquakes and Florida after hurricanes.
Avoiding catastrophic loss is key even beyond the boost in insurance premiums.
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Justyna Jupowicz-Kozak
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