3 ms·

I got a letter from my insurance provider saying they're pulling out of the local market in 2018. I pay full price directly, no subsidy, not through any exchang

I got a letter from my insurance provider saying they're pulling out of the local market in 2018. I pay full price directly, no subsidy, not through any exchange, it's very expensive and I've poured tens of thousands into premiums over the years. I can't help but relate the entire industry to a ponzi scheme.

gruez 9y ago
>I can't help but relate the entire industry to a ponzi scheme. In what way is the insurance industry a fraudulent investment operation where the operator generates returns for older investors through revenue paid by new investors, rather than from legitimate business activities? Seriously, I feel that phrase to be misused so often it has lost all of its original meaning. /rant