Quote:
Originally Posted by cementor
Folks,
The second item is how do we (you and I) pay for it??? Expanding the risk pool to bring down costs is poppycock. I got to make those decisions for my former employer for the last few years and I can assure you as we grew from 90 folks to 500 folks our costs didn't go down, nor did our major cases go down, they increased seemingly at an exponential rate. Sure it is a microcosm, but it provided a real life case.
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Expanding the risk pool will absolutely bring down costs. That's how insurance works. Your particular case is not a typical example of this. The more people contributing to the over all reserve pool for insurance the cheaper the premiums will be.