this post was submitted on 18 Dec 2024
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Microblog Memes

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Just because you paid for insurance doesn't mean you should get it (lemmy.world)
submitted 20 hours ago* (last edited 20 hours ago) by ryanvade@lemmy.world to c/microblogmemes@lemmy.world
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https://mas.to/@MikeBeas/113666556469008087

EDIT: I think you should get the service you pay for, just so that's clear.

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[–] UnderpantsWeevil@lemmy.world 14 points 4 hours ago* (last edited 4 hours ago)

he’s very clearly laying out why insurance companies should not exist.

He's laying the case for why insurance must either operate as a public loss-leader or a privatized scam. But I don't think he really understands the bottom layer of the argument.

All I'm seeing is "Insurance is business. Business need to make money. Therefore denying claims is good aktuly." There's no "ah ha" bit at the end where he recognizes their predatory nature.