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Lemonio t1_ivg6yxy wrote

Doesn’t it require that a certain percentage go towards claims? They can’t increase their margins just by increasing premiums Sure they can make more revenue total by increasing premiums but the same is true without this change

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Jimmyking4ever t1_ivgh6sp wrote

It's just like when the US had a tax on corporations 79 years ago.

If the business (insurance company) doesn't provide services using 80% of the revenue they receive they lose out on that money and have to pay it back.

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