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“Charging more than they pay out on average”... Perhaps they make a profit, but the point of insurance is that some people, on exception, receive more than they

• robocat 8y ago
  For extra health insurance (beyond the "socialist" baseline) about 15% of New Zealanders use a private not-for-profit organisation that began in 1961 called Southern Cross Medical Care Society. https://www.southerncross.co.nz/Group/About-us https://www.southerncross.co.nz/Group/About-us Health care is a special case where you usually "win" if you always paid premiums but never have to make a claim (because claims often can't repay bad health). And if you are a socialist, you can be happy because your premiums go to the health losers (had to make claims but their life might be shorter or shitier).