Shit Happens . . .
The shortest and most precise indictment I've seen of our for-profit insurance industry, excerpted from a comment by saif-katana . . .
I know a Muslim community where if someone is struck by (for example natural) disaster the others (mostly the rich) help out. This is how it should be done. This [however] would not work in an individual-centered modern society.
Western/modern insurance doesn't work that way.
Generally, you pay an amount of money each period and you have the following chances.
- you don't need the insurance, meaning [you] lose the bet and the insurance company wins
- you do need the insurance, meaning you win the bet and the insurance company loses
You may call this exchanging risks, but I just call this gambling.
You know what's worse than taxes?
What's worse than tax is insurance.
You got to have some insurance.
They shouldn't even call it insurance.
They just should call it "in case shit."I give a company some money in case shit happens.
Now, if shit don't happen, shouldn't I get my money back?
Think about THAT, next time you buy insurance.
Insurance should NOT be one-man's-loss is another-man's-gain.
Insurance should be no-one-loses and everyone-WINS.
He said it was a gambling racket.
You are betting that something bad will happen to you.
The insurance company is betting that nothing bad will happen to you.
and then he said
"but always remember that you are the one dealing the cards. Don't hesitate to pull one out of your sleeve from time to time".