this post was submitted on 17 Oct 2023
1208 points (98.9% liked)
memes
9646 readers
3551 users here now
Community rules
1. Be civil
No trolling, bigotry or other insulting / annoying behaviour
2. No politics
This is non-politics community. For political memes please go to [email protected]
3. No recent reposts
Check for reposts when posting a meme, you can only repost after 1 month
4. No bots
No bots without the express approval of the mods or the admins
5. No Spam/Ads
No advertisements or spam. This is an instance rule and the only way to live.
Sister communities
- [email protected] : Star Trek memes, chat and shitposts
- [email protected] : Lemmy Shitposts, anything and everything goes.
- [email protected] : Linux themed memes
- [email protected] : for those who love comic stories.
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
In principle requiring insurance is good. People are generally not great at allocating money to pay for freak disasters and the amount of money required to fix them is not evenly distributed. In many cases not having insurance means people going homeless or carless over expensive (but relatively minor in the grand scheme) accidents. Not to mention life insurance and paying out expenses for accidents where it's your fault but you wouldn't have enough money to pay.
It's essentially a tax run by privatized companies that ensure a safety net for everyone. The issue is that the companies are perversely incentives to make a profit and deny the very claim you signed up for insurance for.
You can regulate the industry to be fair.
The problem isn't the insurance, the problem is that the insurance chas bought the regulators.