Why car insurance in America is actually too cheap.
Why car insurance in America is actually too cheap.
www.economist.com
Why car insurance in America is actually too cheap
14 comments
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Article is paywalled. Just from reading the first paragraph that can be seen, it's not that insurance is too cheap, it's because healthcare is so expensive that 100k coverage is not enough to cover hospital expenses.
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Part of it is that, but the article notes that countries with a nationalized health care system have higher limits on injury and car insurance has years where payouts are higher than premiums.
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Dont post paywalled links
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I replied to main thread with text of article, but essentially it is advocating for adoption of no-fault insurance coverage (where hospital/medical payouts are handled first and separately) because currently some accident victims aren’t made whole, particularly in states with low minimum coverages amounts or with high uninsured driver rates.
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It isn't against the rules.
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not being against the rules doesnt make it any less annoying to other users.
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Maybe, but someone else posted the text of the article. A lot of subs have people or bots that will do that.
And if the sub has a style guide for how posts should be formated, which I followed, it should set the expectation as to whether the poster should post a bypass around a paywall or just not post the article at all.
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Even in glorious Europe with socialized healthcare*, it's very easy to rack up 100k or more in liabilities. Possibly decades of lost wages, improving their homes accessibility, caretakers, damages for pain and suffering and so on. E.g., German law mandates a minimum of 7.5 million Euros of coverage.
The US healthcare system sucks, but, completely independently, these coverages just aren't enough.
*Details vary.
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14 comments