Comment on Why is it apparently cool and fine for insurance companies to spend countless billions, trillions of our money constantly buying ad time?

dustyData@lemmy.world ⁨11⁩ ⁨months⁩ ago

Well, it’s not your money. You’re gambling with them, your bet is that you’ll get sick or have an accident within X period of time, they’re gambling that you won’t. At the same time, to uphold your gamble, you have to do everything any sane person would do to avoid illness or accidents.

You pay the ante up-front, just like on gambling tables, that’s no longer your money. You’re down that money.

But, if your gamble gets an out, you get payed big time. Hopefully in the form of them covering a portion or a totality of your healthcare expenses. It’s a big dangerous casino, and as usual, the house always has the edge.

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