Comment on America is so great we privatized taxes

• average650@lemmy.world ⁨2⁩ ⁨years⁩ ago

  Absolutely agree.

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  • TheDarkKnight@lemmy.world ⁨2⁩ ⁨years⁩ ago

    And to your point, traditional insurance (home, auto, etc) pretty much targets a specific profit margin of about 3% or $0.03 for every dollar they take in. They tend to get eaten alive by competition when they get greedy, unlike a lot of other industries. But rates increase as costs increase ro maintain that 3% target…and costs have increased a LOT in recent years.

    It’s a pretty misunderstood industry tbh, and not without its own issues for sure. But overall it has its purpose and is heavily regulated to ensure they’re playing responsibly.

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    • average650@lemmy.world ⁨2⁩ ⁨years⁩ ago

      I basically agree. Those are actually insurance, and serve a purpose. Health “Insurance” isn’t insurance at all really…

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      • TheDarkKnight@lemmy.world ⁨2⁩ ⁨years⁩ ago

        Yes, agree with that. Health Insurance is just to ensure you have to have a job it feels like.

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