Godric@lemmy.world to Lemmy Shitpost@lemmy.world · 7 days agoDamn, "Thoughts and Prayers!"lemmy.worldimagemessage-square81fedilinkarrow-up1942arrow-down13
arrow-up1939arrow-down1imageDamn, "Thoughts and Prayers!"lemmy.worldGodric@lemmy.world to Lemmy Shitpost@lemmy.world · 7 days agomessage-square81fedilink
minus-squareSpaceNoodle@lemmy.worldlinkfedilinkarrow-up3·7 days agoYes, it’s true. Its nominal “nonprofit” status doesn’t stop it from being a major market competitor with a history of regulatory capture, paying its CEO more than other insurance companies do, and having vast cash reserves, for example.
minus-squareprole@lemmy.blahaj.zonelinkfedilinkarrow-up1·6 days agoNo, of course it doesn’t… but I imagine when you don’t have a profit motive, your motive to deny claims also decreases. Just a theory though.
minus-squareSpaceNoodle@lemmy.worldlinkfedilinkarrow-up2·6 days agoThe problem is that they still have an apparent profit motive.
minus-squareprole@lemmy.blahaj.zonelinkfedilinkarrow-up1·5 days agoThey do, but it’s obviously not nearly as disgusting as the rest.
Yes, it’s true. Its nominal “nonprofit” status doesn’t stop it from being a major market competitor with a history of regulatory capture, paying its CEO more than other insurance companies do, and having vast cash reserves, for example.
No, of course it doesn’t… but I imagine when you don’t have a profit motive, your motive to deny claims also decreases.
Just a theory though.
The problem is that they still have an apparent profit motive.
They do, but it’s obviously not nearly as disgusting as the rest.