this post was submitted on 02 Sep 2025
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What's something you genuinely just don't understand? (piefed.blahaj.zone)
submitted 1 month ago by LadyButterfly@piefed.blahaj.zone to c/ask@piefed.social
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[–] Professorozone@lemmy.world 1 points 1 month ago

I can explain it very simply. In the US (and I assume worldwide) insurance is an industry that exists to collect premiums and deny claims. The business model is highly successful because if consumers do not wish to participate, the government will assist them by making it mandatory.