Godric@lemmy.world to Lemmy Shitpost@lemmy.world · 1 month agoDamn, "Thoughts and Prayers!"lemmy.worldimagemessage-square76fedilinkarrow-up1896
arrow-up1896imageDamn, "Thoughts and Prayers!"lemmy.worldGodric@lemmy.world to Lemmy Shitpost@lemmy.world · 1 month agomessage-square76fedilink
minus-squareSpaceNoodle@lemmy.worldlinkfedilinkarrow-up2·1 month 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-squareprolelinkfedilinkarrow-up1·1 month 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-up2·1 month agoThe problem is that they still have an apparent profit motive.
minus-squareprolelinkfedilinkarrow-up1·1 month 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.