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Insurance is a legalized scam and it’s a shame it’s been made mandatory for everyone. Literally just a middleman now that does nothing except steal money from b
by sdegutis 8y ago
Insurance is a legalized scam and it’s a shame it’s been made mandatory for everyone. Literally just a middleman now that does nothing except steal money from both sides.
Edit: wow yall are incredibly divided on this comment. I'd love to see the internal statistics on the upvote/downvotes this got, but it seems like it's something like -12 and +12
- lawn 8y agoSome instances of insurance can be yes but insurance in general can make sense for both buyer and issuer.
- dev_dull 8y agoWhen used as insurance. However health insurance is really just the way we pay for healthcare.
- sdegutis 8y agoHealth insurance drives the prices up for both patients and health care providers by thousands of percent. It's purely a malicious middleman that steals from both sides and does absolutely nothing beneficial at all. Except create jobs I guess, but is an inherently unethical job worth creating? Other insurances like car insurance and renters insurance seem slightly more reasonable (although they're all inherently a form of gambling) and I haven't heard any horror stories about them, but I wonder, if I had saved the money I put into car insurance, would it be sufficient by now to pay damages for any car accident I may be at fault for?