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Why insurance is so expensive

Discussion in 'BlackHat Lounge' started by Roparadise, Mar 29, 2012.

  1. Roparadise

    Roparadise BANNED BANNED

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    I really don't understand why there is no talk about this. It applies to both the auto insurance rates and healthcare rates. But the reason that insurance costs so much is because they do not own their own repair shops and hospitals. I'm not sure about the markup that hospitals do, but with auto repair shops it seems to be about 50-60%.

    If they had their own repair shops and hospitals they could lower costs greatly for consumers,and still make the same profit.
     
    Last edited: Mar 29, 2012