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How is the increasing cost of medical procedures affecting the insurance industry?
Wiki User
∙ 9y ago
Out of premia income of US$100, for claim settlement the Health Insurance Cos are to pay US$125/-.The short fall of US$25/- is compensated from Fire,Burglary,Marine Policy premia, where claims are rare. Further there is a tendency among hospitals/nursing homes to charge on the higher side when you are having a medical insurance policy.
Wiki User
∙ 9y ago
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