you are viewing a single comment's thread
view the rest of the comments
[–] 23 points 2 months ago* (2 children)

Mandated insurance that isn't a crown corporation beholden to ratepayers is a perfect example. If you have mandated insurance for something, and that private insurance has a shareholder requirement to see growth every quarter, and the same amount of things are being insured, only one thing can happen:

Rates go up with denials

Payouts go down

Eventually you're paying for insurance you know is worthless but it's mandated by law.

  • source
  • parent
  • hideshow 2 child comments