How do insurers make money on drug plans? (piefed.world)

submitted 1 month ago by activity_sphere_aardvark@piefed.world to c/ask@piefed.social

4 comments fedilink hide all child comments

I get expensive multiple meds per month and im pretty sure i could get basically anything i wanted that is available covered based on my experience...

How do they make money, am i an outlier and nobody else wants to take and have covered their drugs?

you are viewing a single comment's thread
view the rest of the comments

[-] ClownStatue@piefed.social 3 points 1 month ago

This is also why insurers start publicly losing their shit when insurance sign-up rates start falling for 20-year-olds. Those young folks help pay the bills of the old sickly folks. It’s basically a sort of pyramid scheme where the maintainer of the scheme takes a fairly large cut of the proceeds.

[-] taco@piefed.social 1 points 1 month ago

Timing matters too, as insurers keep the money invested. If you're collecting the same in claims that you've paid in premium, they're still profiting.

this post was submitted on 25 Aug 2025

6 points (100.0% liked)

Ask

858 readers

21 users here now

Rules

Be nice
Posts must be legitimate questions (no rage bait or sea lioning)
No spam
NSFW allowed if tagged
No politics
For support questions, please go to !newtolemmy@lemmy.ca

Icon by Hilmy Abiyyu A.

founded 7 months ago

MODERATORS

BoozeOrWater@piefed.social

cloudless@piefed.social

fxomt@piefed.social