What is a deductible?

So, now the insurance companies come along. 

Whether it is health, life, home, or property, or business, how would you like to run a company that their 150-year average is a 99% profit margin? Or know the statistics that 75% of your clients would never file a claim? Or that the rules were designed that you paid for everyone else that was sick, despite your efforts to stay healthy?

In fact, if you follow what I'm saying, you are now penalized for being healthy, exercising, and eating right. Even if you needed to make a claim your rates would increase. You could even be cancelled and black balled for years to come because of having to use what you paid for above their insider rule books. Wow! What a racket!

And Why don’t they call this racketeering? Because that industry moves banking, mortgages, and Wall Street...

Reserve dollars move the financial world. Accessing reserve dollars is a game very few get to play. But it is played with very high stakes, behind very closed doors. But for the history of it, it at one time was required for insurance companies to put forty cents on the dollar in reserve in case of something catastrophic.

The Frank Dodd Act changed the rules of engagement to sixty cents on the dollar. But the Affordable Care Act changed the rules to eighty cents on the dollar! So, when the government steps in and says you can not make 40 cents on every dollar to operate your company, you can only make 20 cents on the dollar to stay in business. Thousand of people lost their income, their businesses, their retirement, and many, many, companies just folded up. In order, to stay in business at making 40 cents to you had to double your rates for the same services?!? So, health care doubled overnight. Out of pocket expenses doubled, and so did deductibles! Care and coverage was cut in half the quality in order, to operate under the new rules. What was being sought after was the collapse of reserve dollars. The reserve dollars could be redistributed to negate other misappropriations and accounting blunders and losses that became "out of sight" instead of "over site!"

In case you didn't know, deductibles are generally what you pay before your insurance ever starts to pay.


-Jeff Jones