Comment by sbalough
1 year ago
Think this is a failure of govt to use capitalism as an effective tool. More competition in the insurer space means non-evil players can afford to manage risk
1 year ago
Think this is a failure of govt to use capitalism as an effective tool. More competition in the insurer space means non-evil players can afford to manage risk
When the company you work for is the one that decides on and buys your insurance, not you, how does a particular insurance company's "non-evil-ness" factor in?
If we had more insurance companies instead of a few that dominate the market, then your employer would have more choices. More competing insurance cos would lead some to differentiate by having a reputation of honest claim handling while also not being the most expensive option. It would then at least be possible for an employer to choose better insurance companies.
Why should your employer be the buyer? It's just a way of chaining people to specific jobs. I'm constantly perplexed by people's eagerness to rationalize the structure of an obviously dysfunctional ysstem.
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