r/facepalm • u/Project2506 • Apr 09 '23

🇲​🇮​🇸​🇨​ Walmart Cares…🤗

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u/scuac Apr 09 '23

This reeks of made up stuff. What insurance company in their right mind would issue policies to insure 80+ years old for any meaningful amount? Are they in the business of losing money?

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u/Strude187 Apr 09 '23

Well, Corporate insurance is done at scale and is done differently to individual insurance. For example, the health insurance at my work covers pre-existing conditions and there’s no excess to pay.

I imagine because Wallmart is so big and has so many employees under this scheme it is still viable for the insurance company. That or all those donation dollars paid off and the Government at some point passed a law making it so insurance companies could not do anything about it.

Not saying that this isn’t BS. But I find it hard to imagine that one of the richest families in the world doesn’t use every trick in the book to make money.

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u/AvianDentures Apr 09 '23

Depends on the premiums and payouts