Insurance is more than “to some extent”. Insurance companies are there to make a profit and protect as much of their gross revenue as possible (not just US health insurance either). The more they give back to customers as claims, the less they have for market investment, or just straight CEO pay and shareholder dividends. One possible exception for non-profit insurance companies, but they are pretty rare (unless you’re in Florida and the state insurance is all that’s left).
Insurance is more than “to some extent”. Insurance companies are there to make a profit and protect as much of their gross revenue as possible (not just US health insurance either). The more they give back to customers as claims, the less they have for market investment, or just straight CEO pay and shareholder dividends. One possible exception for non-profit insurance companies, but they are pretty rare (unless you’re in Florida and the state insurance is all that’s left).
I wasn’t talking about the companies themselves, but the employees within them, to an extent.