According to a new report from Gallup, uninsured rates in the U.S. have reached a four-year high

Older article from 2019, but kind of relevant today.

      • gravitas_deficiency@sh.itjust.works
        link
        fedilink
        English
        arrow-up
        7
        ·
        edit-2
        9 days ago

        Because they write the contracts on the policies VERY carefully such that it’s NOT a breach of contract. There are armies of lawyers whose job it is to make that a thing. It’s 100% legal and above board.

        Also, lobbying.

        Also also, regulatory capture.

        Also also also, profit über alles 🫡

    • halcyoncmdr@lemmy.world
      link
      fedilink
      English
      arrow-up
      8
      ·
      9 days ago

      Actual insurance is crowdfunded as well depending on how you look at it. The premiums provide the funds for claim payment, the profit is pulled from that by denying as many claims as possible.