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Exactly, these are companies in business to make a profit not to provide a societal benefit. They all benefit from regulation of margins and common model/pricin
by kurthr 7y ago
Exactly, these are companies in business to make a profit not to provide a societal benefit. They all benefit from regulation of margins and common model/pricing, "everybody wins" except the customers.
- floki999 7y agoWithout the insurance and reinsurance industry, we’d be a lot worse off.
- kurthr 7y agoMost of the world doesn't have a Health Insurance industry (of US size and cost) and they have better outcomes with lower pricing. That doesn't mean there isn't an insurance industry in those places, it's just smaller, more properly regulated, and less profitable.