https://mas.to/@MikeBeas/113666556469008087
EDIT: I think you should get the service you pay for, just so that's clear.
this post was submitted on 18 Dec 2024
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Mike is not wrong. In fact, he's very clearly laying out why insurance companies should not exist.
I'm not sure that was the argument he was trying to make though.
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.
Do you guys think politicians have a duty to adhere to their campaign promises? They're not under oath. They have no responsibility to improve anyone's life. They're a business to win votes to alter policy in their favour.