Private Health Insurers Profit as Public Sector Struggles to Cover Claims
The study looked at data from private health insurance companies and compared it to public sector health insurance over ten years. Private companies focus on making profits and collect more premiums than public companies. However, private companies pay out less in claims compared to public companies. Private sector business is growing, while public sector growth is slowing down. The difference between premiums and claims is decreasing for public companies but increasing for private companies. Overall, private companies aim to make more money, while public companies prioritize social responsibility.