Insurance is nothing but a legal protection racket. The only difference is when you lapse on your protection money, the insurers don’t go and blow your kneecaps out, although United Health has effectively killed people who lapsed on payments before or denied them potentially life-saving drugs.
Does that mean you don’t buy insurance or are you paying someone to intentionally scam you?
It is strange that you don’t have an option to choose a insurance company who are not scammers. I mean, that no one thought of starting an insurance company which promotes self on actually helping their customers.
There are companies outside US who are not scamming people and still are profitable.
Outside of the US here: nearly every insurance company in Belgium (that are coincidently also the banks) are 100% scamming people and literally make their entire business model off of ripping people off as much as possible.
Using any and every excuse to deny people the insurance they paid for when they have legitimate claims is literally how they are “profitable.”
We have quite a lot of public stats on the insurance companies in Denmark. You can see how many formal complaints a company have received, I.e. customers who have made a complaint a decision made by the insurance company, how many of these complaints have been in favor of the insurance company or the customer, which types of insurances each company gets most complaints about, etc. So there is a lot of data that allows you to make a informed decision about which insurance company you want to choose.
And even on the off chance they actually pay for whatever you need, you need to go through an ungodly amount of bureaucracy and most certainly pay a deductible as if you are not already paying enough for the insurance!
yet. The need for infinite growth will always lead to insurance companies to engage in the DDD playbook and worse when they capture the finite market of users.
Insurance
Insurance is nothing but a legal protection racket. The only difference is when you lapse on your protection money, the insurers don’t go and blow your kneecaps out, although United Health has effectively killed people who lapsed on payments before or denied them potentially life-saving drugs.
As a concept or in practice?
Yes
Does that mean you don’t buy insurance or are you paying someone to intentionally scam you?
It is strange that you don’t have an option to choose a insurance company who are not scammers. I mean, that no one thought of starting an insurance company which promotes self on actually helping their customers.
There are companies outside US who are not scamming people and still are profitable.
Outside of the US here: nearly every insurance company in Belgium (that are coincidently also the banks) are 100% scamming people and literally make their entire business model off of ripping people off as much as possible.
Using any and every excuse to deny people the insurance they paid for when they have legitimate claims is literally how they are “profitable.”
We have quite a lot of public stats on the insurance companies in Denmark. You can see how many formal complaints a company have received, I.e. customers who have made a complaint a decision made by the insurance company, how many of these complaints have been in favor of the insurance company or the customer, which types of insurances each company gets most complaints about, etc. So there is a lot of data that allows you to make a informed decision about which insurance company you want to choose.
And even on the off chance they actually pay for whatever you need, you need to go through an ungodly amount of bureaucracy and most certainly pay a deductible as if you are not already paying enough for the insurance!
yet. The need for infinite growth will always lead to insurance companies to engage in the DDD playbook and worse when they capture the finite market of users.