Iowa insurance market collapse could ground young entrepreneurs' dreams

Re:Iowa insurance market collapse could ground young entrepr... by notadoc on Friday June 23, 2017 @01:38PM (#14621064)

I got a letter from my insurance provider saying they're pulling out of the local market in 2018. I pay full price directly, no subsidy, not through any exchange, it's very expensive and I've poured tens of thousands into premiums over the years.

I can't help but relate the entire industry to a ponzi scheme.

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Re:Iowa insurance market collapse could ground young entrepr... by gruez on Friday June 23, 2017 @06:20PM (#14623210)

>I can't help but relate the entire industry to a ponzi scheme.

In what way is the insurance industry a fraudulent investment operation where the operator generates returns for older investors through revenue paid by new investors, rather than from legitimate business activities?

Seriously, I feel that phrase to be misused so often it has lost all of its original meaning. /rant

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