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Insurance should be a miserable business to be in though. It's providing a straightforward financial service.
by maxerickson 3y ago
Insurance should be a miserable business to be in though. It's providing a straightforward financial service.
- s1artibartfast 3y agoAgreed. Current insurance companies have profit margins caps by regulation. This is actually an incentive to drive up healthcare costs because 5% of $200 is more than 5% of $100. I'm curious what barriers there are to prevent a company coming in offering insurance at 1% profit and undercutting the competition