3 ms·

Medicine is big business. Insurance exists because people are betting against their health. Profits this high indicate insurance is REALLY GOOD at getting peopl

Medicine is big business. Insurance exists because people are betting against their health. Profits this high indicate insurance is REALLY GOOD at getting people to bet against themselves.

pishpash 2mo ago
People are extremely risk averse on this, which makes sense.
0x262d 2mo ago
"getting people to bet against themselves" ie forcing them to via oligopoly and regulatory capture.