Comment on End of an era?

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iocase@lemmy.zip ⁨1⁩ ⁨day⁩ ago

Mandate 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.

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