Comment by lesuorac
2 days ago
> Just look at health insurance companies for a prime example: they make profit by denying claims.
Ok but why do people pick those insurance companies?
We see this across the board too and not just insurance companies. Governments low to pick the lowest bidder who then has massive cost overruns which has to put them above the second lowest bid in the end. Why is counter party risk never accounted for?
> Ok but why do people pick those insurance companies?
Because they are bundled with their job and most people don't have a choice?
Does HR get their own health insurance?
Do CEOs and CFOs report to HR? Are HR heads not rewarded for cutting costs? How would people in other departments react if HR alone got better health insurance?
2 replies →