To: SeekAndFind
The co-op lost $50 million last year, partly because over 20,000 more people had purchased the insurance than originally estimated.
Funny how most private companies don't fail from having too many customers. Must be a government thing -- Lose a little on every customer and make it up in volume.
8 posted on
10/15/2015 12:03:51 PM PDT by
Bob
(No, being a US Senator and the Secretary of State are not accomplishments; they're jobs.)
To: Bob
They expected the young and healthy to sign up so they can pay in without drawing on services. Instead, they got the sickly who slammed the system.
It would be as if they had created Social Security only now, but only the seniors signed up.
-PJ
19 posted on
10/15/2015 1:05:46 PM PDT by
Political Junkie Too
(If you are the Posterity of We the People, then you are a Natural Born Citizen.)
To: Bob
Nice. Loose money on each person enrolled and make up the difference in volume.
20 posted on
10/15/2015 1:07:07 PM PDT by
zek157
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