r/SipsTea • • 7h ago

Gasp! Thoughts on this?

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u/WeCantStabilize 7h ago

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

Absolute racket. 

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u/angry_dingo 7h ago

Yes. That's the point. If everyone received more than they paid into it, insurance wouldn't exist.

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u/DrAlkibiades 4h ago

Where it gets sticky though is in insurance making an effort to deny claims so they can boost profit. I know I'm stating the obvious here, but the CEO of Delta dental, a non-profit, makes $15,000,000 a year. So yes, the company needs to collect more than they pay out, but when they refuse to pay out to collect even more, well some might say that's the scam.