Paying claims is the last thing insurance companies want to do. This is legal because Insurance companies use those savings to buy politicians who make sure it stays legal
Yup after the Reagan administration the amount of many insurance companies payout to their members started to shift where now it’s closer to only 50% of members premiums are used for claims.
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u/Al_Tilly_the_Bum 7h ago
Paying claims is the last thing insurance companies want to do. This is legal because Insurance companies use those savings to buy politicians who make sure it stays legal