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In California, our insurance commissioner thinks he is being a hard-ass by saying that insurance companies are obliged to spend 70% of premiums on healthcare. I'm sure I'm far from the best business math guru on GFY, but I can do the math that that means insured healthcare is marked up 30% over just getting taken care of.
No, I do not have health insurance. Because I am capable of basic math skills. Insurance is a scam.
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