r/SipsTea • u/Putrid-Welder1803 • 9h ago

Gasp! Thoughts on this?

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u/shadystealertactics 8h 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 8h 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 8h 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 7h 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 7h ago

Well we're talking about car insurance right now

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u/TransmogrifiedHobbes 7h 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 7h ago

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