History of Insurance

Mock up for some concepts

Category:

Education

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• ks

[CASLUVR]

@michelhulmann why would i have an accident

why would i worry over the possibility of an accident

[michelhulmann]

@CASLUVR I hope you don´t have an accident...

[CASLUVR]

insurance in itself is a fraud. It prays on the week minded. Motivated by fear make people easy to control. There is no need for crime and poverty in the world but our current system relies on its existence. As with pharmaceuticals the treatment is far more profitable than the cure! you bastards - profit before human life!

[whereisumar]

Income stagnation relative to inflation (which is taking place in much of the west right now, and world) as well as relative income shrinkage mean more and more people fall off the ladder and can't afford insurance. The net result is the same thing insurance companies preach they prevent -the rich receive care and the poor don't. If the public were to know the billions in profit insurance companies have made at the cost of care UNPROVIDED, there would be outrage. 

[whereisumar]

As the cost of paying dentists and pharmaceutical companies goes up, premiums also rise. Also, gradually, premiums keep rising until people at the bottum of the bucket begin to fall off and can no longer afford insurance. Falling off the ladder for these people can mean negligence of health care and other hardships. You see, this is the oppression of this sophisticated fraud known as commercial insurance.

[whereisumar]

Also, pharmaceutical companies and other providers of healthcare products can end up charging obscenely more than what their products are worth, simply because they know people have "group coverage", thereby nullifying the cost effectiveness of group insurance. Have you never asked yourself why mass produced pills, and 5 minutes at a dentist can sometimes end up costing hundreds of dollars!?

[whereisumar]

Also, humans are capable of saving by themselves in case of a disaster. Saving all the premiums one pays to insurance companies for oneself would yield extremely large savings. Ask how much you have spent on auto insurance alone over the last several years. Remember one thing, insurance companies are not there for you, they are there for themselves, therefore there is a conflict of interest, hence why they give you hell before they release a penny, & look for exuses not to, & often don't.

[whereisumar]

I will make a statement that I hope everyone will be able to react to maturely. Commercial insurance is a sophisticated fraud. In Islam, it is actually forbidden. It is like gambling. On a fixed monthly premium, someone could "hit the jackpot" after paying only one month, raking in a million dollars, or someone could pay all their life on the "chance" that something might happen, and receive nothing. Has anyone every asked what would happen if the underwriter died/went bankrupt/ran away?