this post was submitted on 10 Dec 2024
212 points (97.7% liked)

tumblr

3481 readers
565 users here now

Welcome to /c/tumblr, a place for all your tumblr screenshots and news.

Our Rules:

  1. Keep it civil. We're all people here. Be respectful to one another.

  2. No sexism, racism, homophobia, transphobia or any other flavor of bigotry. I should not need to explain this one.

  3. Must be tumblr related. This one is kind of a given.

  4. Try not to repost anything posted within the past month. Beyond that, go for it. Not everyone is on every site all the time.

  5. No unnecessary negativity. Just because you don't like a thing doesn't mean that you need to spend the entire comment section complaining about said thing. Just downvote and move on.


Sister Communities:

founded 2 years ago
MODERATORS
 

We are told we live in a world where everyone is equal, but when someone (or quite a lot of someones) suggest that the death of a rich white man might not be the tragedy we are told to think it is, suddenly all of the other rich white men are upset that that is the prevailing view, and they want to use their platforms to tell us that "yes it is and we should think it is"

If you ask most people they will tell you the lesson I learned a long time ago -- a lesson most of us learn relatively young.

Not all deaths are worth mourning. You don't have to celebrate them, but you don't have to pretend that you are sad they are dead either.

you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 47 points 2 weeks ago (1 children)

Precisely. Insurance is by its very nature incompatible with capitalism. Because while those who need it are always under duress, the profit motive is always to deny the claim.

This applies to every type of insurance out there, from critical things like health all the way down to something as meaningless as insuring your jet ski.

[–] [email protected] 5 points 2 weeks ago* (last edited 2 weeks ago) (1 children)

Big edit: im a big dumb that can't read. Roast me, it's my kink

Not true. The concept of insurance is pretty much socialism. A bunch of people, or a community ,pool some of their resources for a certain emergency, and cover the people that have that emergency with the money set aside.

The capitalists hijacked that process and made it for profit.

The only way to make money on that is either:

  • ask people to pay more for the same coverage or less.
  • make sure the least possible amount of people claim part of the pooled money.

There is also gambling the coverage money on the market, but it is not inherent the concept of insurance itself.

[–] [email protected] 4 points 2 weeks ago* (last edited 2 weeks ago)

Honestly, I used to work in property and casualty insurance (very different from health and life insurance, but I stopped because it was in conflict with my morals), and we gambled premiums on the market. It doesn’t seem like a good idea, but my former company has been around for hundreds of years and paid out 98-102% of premiums collected for claims.

I recently learned that the ACA required at least 85% of premiums to go to claims, which is absurdly low from a P&C perspective. There have been stricter regulations for P&C for decades. I have no idea how lawmakers can justify that health insurance is so much more laxly regulated when it’s so much more important.