Monday, June 20, 2011

Why cant the UFC get health insurance for its fighters?

I don't want a answer that it cost to much because the amount of money the company brings in they can afford it. As fighters continue to get hurt don't you think that it draws away from the sport?
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I know you dont want to hear it but the main reason is cost. You can't compare it to your own or your parents plan, because a lot of those are guaranteed rates under normal circumstances. In most places the company cuts a per-person deal with the insurance company so every one has the same set costs and the healthy people end up paying higher amounts to factor out for the sick. The problem with the UFC is they would have to approach an insurance company and find a per-person rate. Insurance companies takes a very large amount of factors into consideration but it ultimately comes down to how much they expect they will need to pay in medical expenses for that companies employees and then they charge the company roughly that amount (they use math to make a very informed decision that has the likely result of them gaining money while still providing the promised medical care). The issue with the UFC is when the insurance company ran their math equations to determine the amount they would need to charge the UFC per fighter to cover all of their medical expenses and still get a profit the number is going to be ridiculously high because due to the fact they fight/train for a living so they are very likely to incur a significant number of medical expenses as a result. Insurances companies are run for profit, they will use a lot of factors to determine a rate they will still likely make a profit out of and for someone with such a high liklihood of significant medical expenses that number is so high it's not pratical. EDIT: Also, once someone starts incurring significant medical expenses insurance companies often try as hard as they can to get that person off of their coverage. They will use odd loopholes, or offer significant incentives to drop people with high medical expenses. I got cancer when I was 16 and after treatment the insurance company kept offering my dad new benefits and lower premiums if he would drop me from his coverage.
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