I didn't read the whole article, but what I did read is the complaining about insurance rates across all spectrum's, and did not talk necessarily about AI in the health insurance, although I could see this being an issue in the future, but that may have been mentioned after I gave up, as the retard writer has no fucking idea of what he is talking about.
If he had any idea, he might talk about who covers insurance for the insurance markets. This is the re-insurers.
Reinsurance occurs when multiple insurance companies share risk by purchasing insurance policies from other insurers to limit their own total loss in case of disaster. Described as "insurance of insurance companies" by the Reinsurance Association of America, the idea is that no insurance company has too much exposure to a particularly large event or disaster.
However, I will say this, just for people to understand how fucked up shit really is. Insurance companies do not make wild investments like banks, etc... They try to keep the threshold safe by buying safe bonds, usually including treasuries.
Unfortunately, not by current banking standards(but if the old standards were applied), if you are currently holding a treasury that is paying 2%, and the current treasuries are paying 4-5%, not too mention inflation is running(government sanctioned at 3% more or less, but the real rate is 7% or higher), they have a real problem. They are fucking underwater. They need to raise capital fast, lest a calamity strike.
They do not have the assets to cover catastrophic losses. Much like every bank in this country which is actually broke, as the current TBTF count treasuries that are losing money as assets.
The country is broke, but still spending like a drunken sailor to prop up (((Israel and Slava Ukraina)))
This is why insurance rates are going through the fucking roof. Plain and simple. Every fucking bank out there is drowning in useless treasury notes and commercial real estate, and nobody is buying that garbage, so the (((FED))) has allowed the banks and insurance companies to treat these as assets as opposed to the liabilities which they are.
Buy gold and silver, because if the shit goes to hell, they will all realize how worthless crypto coins are, especially when you have no electricity.
[ + ] ParnellsUprising
[ - ] ParnellsUprising -1 points 2 monthsMar 7, 2024 20:43:10 ago (+0/-1)
If he had any idea, he might talk about who covers insurance for the insurance markets. This is the re-insurers.
https://www.investopedia.com/ask/answers/08/reinsurance.asp
However, I will say this, just for people to understand how fucked up shit really is. Insurance companies do not make wild investments like banks, etc... They try to keep the threshold safe by buying safe bonds, usually including treasuries.
Unfortunately, not by current banking standards(but if the old standards were applied), if you are currently holding a treasury that is paying 2%, and the current treasuries are paying 4-5%, not too mention inflation is running(government sanctioned at 3% more or less, but the real rate is 7% or higher), they have a real problem. They are fucking underwater. They need to raise capital fast, lest a calamity strike.
They do not have the assets to cover catastrophic losses. Much like every bank in this country which is actually broke, as the current TBTF count treasuries that are losing money as assets.
The country is broke, but still spending like a drunken sailor to prop up (((Israel and Slava Ukraina)))
This is why insurance rates are going through the fucking roof. Plain and simple. Every fucking bank out there is drowning in useless treasury notes and commercial real estate, and nobody is buying that garbage, so the (((FED))) has allowed the banks and insurance companies to treat these as assets as opposed to the liabilities which they are.
Buy gold and silver, because if the shit goes to hell, they will all realize how worthless crypto coins are, especially when you have no electricity.