How Does Insurance Work?
Its about economy of scale. When you sign up for healthcare coverage, you join a group of other people to combine your healthcare purchasing power. Your insurer covers the whole group, rather than individuals, so everyone shares the cost of staying healthy.-Stay Smart Stay Healthy See more vidoes at: www.youtube.com
Very touching ad from Thai Life Insurance. Thx angelaaaaa for translation ^^.
Video Rating: 4 / 5
In theory this is true. However, Insurance companies are “for profit” companies, naturally,, and therefore need to make money on your premiums. They do this by investing the money you pay into your premiums, just like banks do. The burden of your healthcare is not borne out by your “group”, but by the profits the company makes on your policy; to be more precise, the profits made on your group’s policies. This is why there is an incentive to deny you your benefits.
Jesus, Gary sucks
@chetdude whats funny…if you would rather have social health care. insurance companies would only get fatter, richer, and have more obscene profits. Who do you think is helping write the legislation? lol, don’t be stupid man, big companies are here to stay and thats how it is.
Nice ad, but what if one of those group members isn’t careless and never has to draw on insurance? What then? Their money just goes down the toilet. It’s impossible for each group member to benefit equally from this money pool; why don’t people direct their hard earned capital elsewhere and just be accountable for themselves? Or, if they still wish to adhere to this “safety in numbers” idea, they could form their OWN insurance group. No middleman needed.
great simple an effective vid.
Of course the amount you pay for your cover vaires by insurer and this isn’t addressed.
You really need to get quotes from multiple providers to make sure you’re getting the best deal around.
Sites like cheapest-insurance. info can help a lot with this
Dosn`t matter if you’re looking for a cheaper rate or a different coverage plan altogether, we can help
I think in Gary’s case, it wouldn’t be health insurance, but more like life insurance. I still don’t understand insurance, especially health and auto. I mean most times, you’re denied coverage anyway, and that’s even if you pay your premiums.
You can NEVER make a complainer happy. No matter what “they” will always see the glass Half Empty and complain about it.
This video is well put together simply as an education…Period. STOP whining about everything.
It looks like this screed was created by an insurance company.
They conveniently left out their obscene profits, fat executives with their perks and their armies of claim deniers…
HUGE problem! Only explains the risk model – poorly. Health insurance has a fiduciary responsibility to the SHARE-holder not the POLICY-holder. This means that companies are required by law to increase the value of a share over the “public good” Adhering to legality avoiding morality.
Save your money – spend it instead on good food, use that gym membership/equipment that you bought, get some sleep, turn off the TV, and enjoying your family. That is the best risk mitigation!
what? why is it $0.00?
America should just become socialist. So much easier
or maybe it’s an attempt at explaining how insurance works, which few people understand. by your comment i doubt you do either. now that i watched it it’s actually a pretty poor explanation though, like the one i would give 5th graders.
socialism isn’t voluntary is it? and insurance is risk mitigation.
why would someone cover you for pre-existing conditions? if you get in a car accident do you then get car insurance?
I agree with it very much as I am a good Example….My Insurance Company pay all my BiLL…..
i hate living in the US
Excellent info – thought your use of graphic effective – well done!
this is awesome.
hi: new zealand costs: broken leg and pregnancy=$0.00. wake up america
When you sign up for coverage, you join a group of people who help the insurance company lobby in Washington!
This is the way it works? Not so fast! Who pays the insurance company’s employees? Why doesn’t BlueCross/BlueShield pay taxes? How does BlueCross afford to spend $2.3 million on lobbying? My money goes to help my neigbors? Not so! Only a portion goes to helping my neighbors, and another portion goes to paying salaries and lobbyists.
thank you
This is not the American model. Insurance companies get majority of there money from the healthy and when a healthy person gets sick they get dropped.
yup clearly this video leaves out people with pre-existing conditions and the fact the insurance company is trying to make a huge profit .
Im british and for some things trying to make a profits fine but not for a healthcare system
Thai people are lazy, stupid, and extremely greedy. They prefer to sell their daughters to the brothel rather than to work.
@john3427 go get some life dude , stop saying the things that you dont even know the truth or have any proves
@john3427 You’re an idiot… If I know where you are, I can’t get some sleep until I teach you the lesson. How will u feel if someone say what you’ve said to your country’s ads
@skaterboy891 isn’t it to make you want to buy their life insurance.
whats is the key message of this ad?
@hmlovedj what is the objective/ key message of this commercial?
ugh this commercial is so sad D’=
ประชาธิปไตยอยู่ตรงไหนถ้าคนไทยไม่เข้าใจความหมายมัน
i CRIED… D=
My dad didn’t leave a video… >:[
How the fuck is this sad?
This is gay.
Love to the mom, child and father…
Pity to @thatboyhov
crap, people actually buy this stuff?
@basasbeeso yeah buddy i hear ya… me too
A person can only truly understand the meaning of life when he is close to death
cried….. gahh
I have never cried at a commercial before I saw this one. *goes to get a tissue*
Excuse me while I go cry.
This makes me cry so much because my mum died and I really didn’t know her as well as I wanted.
@HylianSpirit Pop that prozac.
God, now I need a prozac.
Touching
ทีีฆายุโก หีโตหีตุ หมาราชา หมาราชินี หมาลอบกัด
This is the art of marketing!! U.S learn please!