this post was submitted on 23 Sep 2024
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The meme has a fair point, but its not my gripe with the insurance industry. Im of the opinion that the managers for collective risk products should not be for-profit organizations.
In the US, if a hypothetical agency or one of those weird orgs like the postal service ran national insurance they would not be as profit driven and their proximity to other governennt bodies would push much needed regulations forward.
Insurance being operated by profit-driven organizations runs into many of the exact same problems as for profit healthcare and oh look, more private insurance fuckery!