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Insurance firms are one of the few capitalistic entities that have a financial incentive to invest deep budgets finding and highlighting unpleasant empirical fa
by flangola7 3y ago
Insurance firms are one of the few capitalistic entities that have a financial incentive to invest deep budgets finding and highlighting unpleasant empirical facts, rather than burying them.
This is secondhand. I have been told property insurance experts lean semi-conservative politically but almost all of them firmly believe not only climate change is real, but incoming catastrophe.
- salawat 3y agoNot...really. Take PBM. (Pharmacy Benefits Management). Money is "found" in not paying out claims, or chasing the "cheapest to the company" treatment while passing on the more burdensome long term maintenance costs to consumers. Insurers can be a positive surfacer of unpleasantness. Not before much more unpleasantness is waded through however. See Cigna getting dinged for using an algorithm that 100% rejected first encountered prior auth claims rather than processing them in good faith. https://www.propublica.org/article/cigna-pxdx-medical-health-insurance-rejection-claims https://www.propublica.org/article/cigna-pxdx-medical-health...