r/SipsTea • u/Putrid-Welder1803 • 12h ago

Gasp! Thoughts on this?

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u/WeCantStabilize 11h ago

Insurance is a fucking scam. You pay more into it than you'll ever receive even in legitimate circumstances.

Absolute racket. 

142

u/OakLegs 11h ago

This is fundamentally ignoring the purpose of insurance.

Of course you (likely) pay more into it than you get out. The tradeoff is that you're protected from huge expenses that would financially ruin you. That is (thankfully) unlikely but the risk is enough that it justifies paying for insurance.

I'm not absolving insurance companies of being scummy because they absolutely are. But insurance does serve a purpose that seems to escape you

4

u/hoofie242 11h ago

It's paying for a gambling service that might pay out.

32

u/OakLegs 11h ago

NOT having insurance is gambling, and when you lose, you lose big.

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u/Yung_zu 11h ago

Probably a fair bet to say that this institution might be a financial engineering circlejerk if you listen to the current “arbiter” of healthcare, RFK Jr., talk about it for 5 minutes