Comment on End of an era?
iocase@lemmy.zip 1 day agoMandate insurance that isn’t a crown corporation beholden to ratepayers is a perfect example. If you have mandated insurance for something, and that private insurance has a shareholder requirement to see growth every quarter, and the same amount of things are being insured, only one thing can happen:
Rates go up with denials
Payouts go down
Eventually you’re paying for insurance you know is worthless but it’s mandated by law.
Pieisawesome@lemmy.dbzer0.com 21 hours ago
Not really, a lot of insurers make the majority of their money from their investing.
iocase@lemmy.zip 21 hours ago
United healthcare