1
Necrovoter 1 point ago +1 / -0

I'll keep this polite, But with all respect, it sounds like you're speaking from position of ignorance on the subject.

While I am certain that your knowledge of the insurance industry exceeds my scant knowledge of it, you are looking at it from the perspective of how companies do it now. Optimally, if we could do away with corruption and inefficiencies (yeah, I know we can't) we would just need one giant insurance company that insured everybody for everything.

In the real world, we have too much competition, too much regulation, fraud and inefficiencies to do anything remotely like that. The "greed" of the people running the business (nothing wrong with trying to make as much profit as you can) means they will work to eliminate things that will drag the business down. How much they will risk the company's long time viability for short term profits is another problem unto itself. These pros and cons are not unique to insurance, but apply to all companies.

What is unique to insurance is that you need a very large pool of money to stay ahead of ups and downs in paying out claims. Insurance doesn't get to violate the normal curve, or any other statistical rules. Companies specializing in insurance may seem like a good idea, just like at one time it seemed like a good idea to cobble shoes one pair at a time for individual customers.

When you've been in enough different industries, you start to see patterns. One of those patterns is thinking that your particular industry at the time needs to do things the same way it always has. This is just as bad as the thinking that all change is good. Insurance is far too parochial. It should never have been a for profit industry (other than charge for the service of filing and handling claims).

I'm not saying that insurance companies are evil or anything else to a degree more than other companies. I am saying that we don't know any better, because we are still living in the dark ages in terms of data and aggregate money pools. Banking and Insurance will go the way of box stores and over priced package shipping. They will be reduced to a reasonable profit for the service they provide. It will be accomplished by very large collective premiums and accurate data that isn't kept secret from one company to the next. The data "sharing" through corporate espionage has already started. At a future point, the data collection will be real time across the globe and there will be no proprietary data held by any insurance company.

It's coming. It isn't a matter of if, but a matter of how soon. The answer to how soon isn't a matter of laws or investment strategies, it will be determined by technological shifts. When the technology permits it, anyone not jumping on that train will go out of business.

Meanwhile, we have Americans paying thousands of extra needless dollars every single year because of the inefficiencies of insurance - and I'm not talking about money spent on insurance premiums either.

Have a sensible chuckle at all of this if you wish. Consider yourself an expert on the subject (and maybe rightfully so) if you want. When you look back on this in 40-50 years, you will wonder why everyone didn't see it coming. Like the explosion of the internet, it will seem obvious in hindsight.

Now - on the practical short term application side of the idealism I rambled about above - deregulation allowing companies to operate in whatever states they wanted would be a good start. Companies could pick and choose their customers, as you advocate for, but customers would have enough choices to weed out those overcharging. The net result would be a consolidation of insurance companies into a smaller pool, insuring more people for more things - as I have advocated for - not by force of law, but by natural attrition.

When you've worked the inside of a self insured hundred billion dollar company, you learn a few things about insurance.

Something, something all the eggs in one basket.

11
Necrovoter 11 points ago +13 / -2

They won't learn. There is a greater chance that your toilet will turn into an time travel portal than the NFL will learn. It isn't the management - the owners could have easily prevented all of this from day one with a simple ban on kneeling. They did it to prevent players from remembering Sep 11th on their uniforms.

The NFL and most major league sports that play the woke game are going to shrivel up and become as culturally relevant to America as the local renaissance fair. Half the cucks left cheering for them would cheer for a thumb wrestling team if it had a local name, uniform and provided a way to hang out socially.

We can create replacement sports leagues and teams. NFL will become the sports version of MySpace.

3
Necrovoter 3 points ago +3 / -0

At what point do we start feeling sorry for XiNN

At the point when a giant flaming hole has opened up and Satan has yanked them all down into the depths of Hell where they belong.

2
Necrovoter 2 points ago +2 / -0

Im sure the chinese on reddit are smart enough to not be so obvious and use a VPN

I'm sure they aren't using a VPN, but rather the official VCCPN

4
Necrovoter 4 points ago +4 / -0

I understand what you are saying, but it doesn't change the underlying problem - which the insurance companies have created themselves. It's still the same game, just different risk profiles. Companies picking and choosing what to cover and how to invest their funds are half the problem that the insurance companies face, and why they are regulated as much as they are. Insurance companies somehow couldn't handle pre-existing medical conditions for decades, and magically found a way to handle it when they were required to by law.

To put it simply - if you put the insurance companies collective mindset in the middle of a mile long tunnel, they would never escape, as they spent their entire lives analyzing which way was less risky and whether they should try at all, or just save their resources and hoped the problem went away.

Rather than retype what I wrote in response to a similar comment, I'll just link it. https://thedonald.win/p/HEud9I3C/x/c/16bimfHLQH

2
Necrovoter 2 points ago +2 / -0 (edited)

What you are saying is the historical reason insurance was invented - whether by farmers or China thousands of years ago. Insurance companies typically need a very broad base of customers to cover losses and make sure that a few outliers don't disrupt the normal curve. Getting a broad base is not about excluding risky customers, it is about having enough total customers and charging the right rates so that risky customers usually exclude themselves.

There is a secondary problem which almost no one considers. Insurance wasn't meant to be a for profit business. Stop for a second and imagine if marriage was purely a financial, for profit construct, where you could get on demand marriage for 2 hours on a Saturday night, or maybe binge a few months on NetSpouse, but had no other obligations. There are some advantages to having insurance run as a for profit enterprise and some disadvantages. Like excess taxes, insurance inefficiencies become a drain on the economy with everybody paying for insurance whether they have a policy or not. With over 6% of the US economy spent on insurance premiums, the money is certainly there for insurance companies to remain solvent. In 2018, the insurance companies held enough assets to equal half of the US GDP.

Insurance companies that don't want to insure people shouldn't be allowed to sell insurance. They can set rates according to risk. They have better tools than ever to determine those risks. Yes, part of the problem is the patchwork of laws that make things worse for insurance companies and customers. That doesn't change the fact that Like China, and Big Pharma, too many insurance companies are ripping America off. I think POTUS could fix a lot of US healthcare if he addressed the tangle of insurance regulation and eliminated the terrible stuff and added in a few carefully constructed guidelines.

https://www.treasury.gov/initiatives/fio/reports-and-notices/Documents/2019_FIO_Annual_Report.pdf

2
Necrovoter 2 points ago +2 / -0

I think slapping this photo on a fridge would be good for losing 15-20 pounds for the average person. Might need some vomit bags nearby.

3
Necrovoter 3 points ago +3 / -0

How could the sun have anything to do with global temperatures? The science is settled bigots! We need cows to wear N95s on their butts or the planet is doomed. DOOMED, unless Harris is elected, in which case everything is automagically fixed.

1
Necrovoter 1 point ago +1 / -0

Is your message unique and important enough to take up POTUS valuable time? If it is, then send it to people in the media like Tucker who can channel it to him. If it isn't unique or important enough, it won't get passed along. If it is, then it might make it.

Post it here, your fellow Pedes are a decent judge of what's important at the moment, and we know POTUS and his staff see some of the material here. If you just want your personal voice to be heard, then that is unlikely to happen.
Go to a rally, get there first and maybe you will get lucky.

3
Necrovoter 3 points ago +3 / -0

If there was a TheDonald.wood Amish acceptable technology I think I could make that work. Movies and television has turned to crap, the only other thing I'd find hard to part with is some of the music.

Maybe someone could take photos of the top memes and stories and convert them into paintings?

2
Necrovoter 2 points ago +2 / -0

I wonder if he's realized that sort of process is a two way street?

Seems like between burglary, firebombing and whatnot, this thug should be in prison, not on the streets.
https://archive.is/aoMR4
https://archive.is/0H6Ht
https://archive.is/1Awrr

2
Necrovoter 2 points ago +2 / -0

Had they chose to raise the rates to match the actuarial, it would have been appropriate.

12
Necrovoter 12 points ago +12 / -0 (edited)

Situation resolution should be that the insurance company loses their license in that state. If companies that offer umbrella coverage liability don't want to insure first responders, those companies should be banned from receiving any response from the fire department, police or ambulances - and from any medical providers - for liability reasons.

Insurance is a game of knowing the numbers - every risk has statistics, this is why they hire actuaries. If insurance companies can't do their jobs, they shouldn't be allowed to sell insurance.

2
Necrovoter 2 points ago +2 / -0

How many Americans just want to be able to step outside and not worry about their safety? The ones that can't stop being violent need to be behind bars and stay there.

Make Neighborhoods Safe Again

1
Necrovoter 1 point ago +1 / -0

on the good days, when Joe is at his most lucid, his campaign manager Jen will send him out for photo ops or TV interviews… make hay while the sun is shining, you know? On the bad days, Jen just tells the press pool “No Joe today,”

NoJoeToday

HAHAHAHAHAHA

4
Necrovoter 4 points ago +4 / -0

This is why we vote for Donald Trump. The democrats are showing us the violent people looting, robbing and yelling - that don't like Trump. Those people don't represent America, and we will not turn the presidency over to them.

7
Necrovoter 7 points ago +7 / -0

Yes, this meme is grim. The reality is there, and needs to be understood. This meme is like telling kids not to play in traffic.

Best suicide prevention is keeping the people you love away from negative people and situations which will drag them down. The transition enabling crowd doesn't support people as they are, but demands they make biological changes in order to fit in.

This leads to a high suicide rate. People encouraging transitions belong in prison for life. They aren't helping anyone, they are just pushing people towards suicide.

1
Necrovoter 1 point ago +1 / -0

Uh, you missed 2016, 2017, 2018, 2019 and some other stuff?
Maybe the Trump Tank will jog your memory https://i.imgur.com/ADcbrqh.jpg

It's about having fun and mocking the leftists - the latest one who failed at his break dancing on a cop car attempt.

Yes, we have leftists taking to wearing red hats in an effort to look like Trump supporters. Did you forget that according to Jussie we are in MAGA country now?

3
Necrovoter 3 points ago +3 / -0

Charcoal and Light Gas (CLGBBQ), yes

In a few hundred thousands of years, leftists may discover that fire can be used for useful things like heating and cooking and not just burning things.

3
Necrovoter 3 points ago +3 / -0

Her comment on Trump:
"And I fret that his bizarrely isolationist attitude toward international trade will hurt the U.S. economy"

Because that's happened under Trump when he got elected the first time? It is what moronic leftists "experts" predicted.

17
Necrovoter 17 points ago +17 / -0

If they suspend players for bringing any BLM material or anything else, this is OK, though it should be for one or two games. If they allow BLM material, then the people running this program should be in prison - in a North Korean prison, that is.

1
Necrovoter 1 point ago +1 / -0

Hillary: Cackles "Wait, those aren't gay people being thrown off the top?"

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