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cleancutmover t1_ixh375g wrote

Hilarious. Lets fix the problems of the world by giving more money to insurance companies.

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UsernameTaken93456 t1_ixhb8zf wrote

Actually, the problem would be solved with free and universal healthcare, not with more insurance.

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il_biciclista OP t1_ixh3vo1 wrote

I'm actually suggesting taking more money from the insurance companies. I realize that premiums would increase as a result, but this is not a policy that the insurance companies would want.

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Squish_the_android t1_ixh5whc wrote

Insurance companies would net benefit here.

Higher limits are touched less often. Your second 100k of coverage costs much less than your first. If everyone is forced to take on higher limits the insurance company comes out on top because everyone is paying for something they're unlikely to use.

This policy of increasing minimum coverage limits also has a greater impact on poorer citizens, so good luck dealing with that angle.

Edit: I swapped my first/second around originally

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