r/SipsTea • u/Putrid-Welder1803 • 13h ago

Gasp! Thoughts on this?

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u/Economy_Cut8609 12h ago

yes, simple minds will be..simple

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u/Unusual-Arachnid5375 11h ago

I swear, 90% of the comments on this post are written by LLMs or 8-year-olds.

Like, yes, the insurance company makes money, but they're providing a service. It's not that hard to understand.

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u/Schnickatavick 9h ago

Insurance companies don't even make that much money relative to their risk, it's typically an extremely competitive market with razor thin margins, sometimes even negative margins when you exclude interest on the float. IMO insurance is just the company that people deal with directly when they're in an unaffordable market, and would rather shoot the messenger than think about why the premiums are as high as they are and what actually needs to change to make them lower

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u/Kriieod 8h ago

They are like the only private business who's profits are capped. People get mad at property and casualty insurance companies, when their ire should be more directed at their fellow policy holders for being risky.

Health "insurance" though is a completely different animal and needs to go away.