ValeRosso
Guru
- 531
Using CSG more recently, and seeing the market data for supplements such as # of people enrolled, loss ratio, market percent, etc. Is there any actual use for these market indicators…as in can these numbers reasonably predict future results for the supplement? Do you base any decisions off of this data for those who use CSG?
Another question: Let’s say Company A has 50,000 supplement enrollees nationwide, but only 30 in one state. You should probably stay away from that company if you’re in the state that only has 30 enrollees, because the risk pool is so low that they’d have to raise premiums drastically unless they get a huge influx of premium, right? Or would the 50k nationwide buffer cause the company not to drastically raise the rates? Or is there no data for this and it could be either or?
I know well enough to stay away from new to market supplements, Just want to get some input from yall. Thoughts?
Another question: Let’s say Company A has 50,000 supplement enrollees nationwide, but only 30 in one state. You should probably stay away from that company if you’re in the state that only has 30 enrollees, because the risk pool is so low that they’d have to raise premiums drastically unless they get a huge influx of premium, right? Or would the 50k nationwide buffer cause the company not to drastically raise the rates? Or is there no data for this and it could be either or?
I know well enough to stay away from new to market supplements, Just want to get some input from yall. Thoughts?