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re: WSJ: "Insurers Rake In Profits as Customers Pay Soaring Premiums"
Posted on 1/25/24 at 11:10 am to ExtraGravy
Posted on 1/25/24 at 11:10 am to ExtraGravy
Increase cost of claims, employees, labor, etc. due to an increase in EVERYTHING. In order to have enough funds to cover expected losses, premiums have to increase. It sucks, but it's how it all works.
3
Posted on 1/25/24 at 11:14 am to AllsGroovn
No. Insurance is just like fast food, they’re raking in profits as consumers have simply Pavlov’d themselves into expecting 15% annual increases on every aspect of life.
However, unlike other sectors of the economy, insurance has laws that LIMIT competition.
However, unlike other sectors of the economy, insurance has laws that LIMIT competition.
Posted on 1/25/24 at 1:28 pm to AllsGroovn
.....and we criticize lawyers who look to get some of that money back via ambulance chasing.
No one is pure in this game....no one
Posted on 1/26/24 at 6:31 am to AllsGroovn
quote:
sucks, but it's how it all works.
Get out of here with your logic!
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