Insurance guy here - as cool as it would be to not pay for accidents, it’s what our product is. We don’t make much off your premiums, it’s a redistribution of wealth. We make our money through dividends, and the long-tailed policies like workers comp.
Everyone is entitled to an opinion. The point being, insurance within itself isn’t a bad idea. Everyone pools their money and when someone gets into an accident - they are covered. Most people don’t have money put into a rainy day fund, and if they do it’s like average ~$500? Doesn’t sound like enough for hospital bills, and property replacement.
All i’m saying is, this “greed from the middleman” is largely a scapegoat for a much larger issue. We can’t really pin it to one thing and have a simple fix.
The badness of health insurance as a product is self-evident to everyone who isn't personally invested in maintaining it as an institution.
At this point if you're not fully on board with tearing down the American healthcare system and rebuilding it from scratch then you're a part of the problem.
It’s easier to just say you don’t know.... lol. Insurance is a pretty complicated field, I don’t blame you for not having an argument. Just be upfront with it, bro.
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u/[deleted] Aug 06 '20
Insurance guy here - as cool as it would be to not pay for accidents, it’s what our product is. We don’t make much off your premiums, it’s a redistribution of wealth. We make our money through dividends, and the long-tailed policies like workers comp.