fishonjazz
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But at least if I give drug companies money, I get drugs.Drug companies are even worse -- Big Pharma is the richest industry in the world and operates with the biggest profit margins, and the insurance companies are their primary collaborators. Many people don't realize that the U.S. is the only nation in the world that doesn't regulate drug prices, which is why the drug companies can extort people who need life-preserving medications.
That's how it's supposed to work. I give you my money, you give me something in return.
With insurance I give you my money while possibly receiving nothing in return for years and years. Then if I want service to be rendered for what I have already been paying for either my prices go up, I get dropped, or they try to get out of paying. Oh and I have to pay a huge deductible. (What the hell was I getting for all money I paid each month for the last 20 years?)
Hell, when you actually need the insurance you are often reluctant to even use it because of rate hikes so you just try to pay out of pocket rather than file a claim if the damage isn't extremely expensive.
I mean you could hypothetically pay home owners insurance and auto for almost your entire life (say 20 years old until 70 years old) and never file a claim. That total amount paid would be an extremely high number. I'm not going to do the math but would it be over 100,000 dollars? Near that much? I have no idea but if you never file a claim then what did your money get you? Nothing at all.
Is there any other business that operates like that in the world?