Should insurance companies be for profit or not for profit entities? Explain the pros and cons behind each option.© BrainMass Inc. brainmass.com October 25, 2018, 7:13 am ad1c9bdddf
One of the biggest problems with insurance companies changing to non-profit status is that it would basically put many insurance agents out of work that rely on their for profit status as a sole means of income for their families. There are pros and cons to both sides of this argument. If insurance companies were non profit companies, the cost of health insurance would initially drop because there wouldn't be a required return for investors that the health insurance companies are trying to meet. There ...
Should insurance companies be for profit or not for profit entities? Explain the pros and cons behind each option.
Adverse selection, bidder value, insurance/break-even, etc...
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