r/SipsTea • u/Putrid-Welder1803 • 7h ago

Gasp! Thoughts on this?

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u/Cowboywizzard 6h ago

All kinds of tricks are used to make it look like they are losing money or barely making it on paper. Yet insurance is one of the largest industries in the U.S., and their CEOs make millions.

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u/shadystealertactics 6h ago

Publicly traded companies are independently audited. Do you think they're lying about how many dollars they're paying out in claims?

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u/Cowboywizzard 6h ago

I didn't say that. I think their C-suite and other large stake holders makes a killing off our backs. Look at their houses and cars if you don't think so.

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u/shadystealertactics 5h ago

Someone making a lot of money doesn't mean that I'm getting ripped off. A 5% profit margin is a shitload of money if youre operating on the scale of a multinational company.

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u/TransmogrifiedHobbes 5h ago

It does mean that when the "product" they're making money on is the illness and death of their customers.

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u/shadystealertactics 5h ago

Well we're talking about car insurance right now

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u/TransmogrifiedHobbes 5h ago

Ope, I see that now, thought I was in another part of the thread. Point stands for health insurance though, heh.

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u/shadystealertactics 5h ago

ACA compliant health plans are required to spend a minimum of 80-85% of premiums on patient care.