Quote:
Originally Posted by PaulS
Here is the book of business averages for the dependents so pls. let me know where my numbers don't make sense?
The shading indicates high and low estimates.
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I don't know what that is. As I stated, even if the loss costs for a 26 year-old are 1.5% of the total, that does not mean that we all expect a 1.5% increase because of that. Because not everyone pays into the system. The smaller group that has to bear the burden of that additional cost, necessarily pays more than 1.5%, to make up for the fact that so many people aren't currently paying their fair share. Yuor chart, whatever that is, doesn't address that. So you cannot use that chart to extrapolate what the resultant premium increases are for the folks that pay.
And forgive me, but if you work in this industry and think that tort reform and med/mal insurance is "small bucks", that's irrefutable proof that your political ideology is preventing an objective review of the facts.