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I don't think DanBC is saying that insurance per se is a scam, but that the U.S. health insurance industry is unavoidably scammy. EDIT: Put another way: you're
by nollidge 13y ago
I don't think DanBC is saying that insurance per se is a scam, but that the U.S. health insurance industry is unavoidably scammy.
EDIT: Put another way: you're 100% correct that that's what insurance should do and purports to do, but that's not how it actually plays out with American health insurance.
- DanBC 13y agoNo! I'm very much saying that most insurance (car insurance, home contents insurance, payer-protection insurance, flood protection insurance, etc etc) is rife with scammy practices and awful awful people - the scum of the earth.
- pessimizer 13y agoAgreed. On the scale of insurers, there's no risk - it's just cost averaging a.k.a. what the government should be doing. There's no way to lose money at it.
- nollidge 13y agoSure, but that's different than saying insurance is by-definition a scam.