do you think medical insurance companies are economical good income?

Question

i think they must make good money from the people paying that insurance
not all of them need serios medical treatement so ,on young people they make the income they need for sever sik people and there still remains a lot of money for the company and the workers and all the needs of the company
so is a good investment??

Answer 1

Health insurers are in a really tough business these days. They face significant and unpredictable liability costs, huge amount of regulations at both the State and Fed level.

In your place, I would stay away from investing in such companies. You'd be a lot better off investing in an index mutual fund.

If you need clarification, contact me through "Answer" and I will edit my response.

Answer 2

Your question does not make sense. What do you mean? Are you talking about would the income be good if you started your own? I worked at a Medicaid Managed Care Company and I can tell you that they are a lot of hard work, take millions of dollars to operate, and there are tons of regulations that you muct follow.

Answer 3

Perhaps you don't completely understand how this works. If you work in any insurance field--life, medical, property/causalty--you get paid a commission for every policy you sell. You represent a company, but you are essentially your own boss when it comes to generating leads, doing presentations, and getting people to sign on the dotted line.

It's hard work and not everyone can do it. If you do not have strong writing, speaking and sales skills, you will not succeed.

Answer 4

I don't think so; figure, if the average person pays $300 a month for health insurance, it takes 1500 of those people to PAY for one heart attack . . .