The premium inflation rate hike issue is tied more to the money being fake and the real inflation rate being much higher than what gets reported (CPI) than to insurers greedily chasing more profits.
If we fix the money, that issue should be reduced.
If people running a company know real inflation is 12%, and profits are only 6%, someone in the company has to take a haircut in order to stay flat, so it seems likely that most decent employees will get 0-CPI% adjusted salaries, good employees will get a small bonus, and more core employees will get cut in on the profit.
“Musical chairs” is no way to run an economy.
https://greatawakening.win/p/17t1kD6BUb/central-banking-eli5/c/
The premium inflation rate hike issue is tied more to the money being fake and the real inflation rate being much higher than what gets reported (CPI) than to insurers greedily chasing more profits.
If we fix the money, that issue should be reduced.
If people running a company know real inflation is 12%, and profits are only 6%, someone in the company has to take a haircut in order to stay flat, so it seems likely that most decent employees will get 0-CPI% adjusted salaries, good employees will get a small bonus, and more core employees will get cut in on the profit.
“Musical chairs” is no way to run an economy.
The premium inflation rate hike issue is tied more to the money being fake and the real inflation rate being much higher than what gets reported (CPI) than to insurers greedily chasing more profits.
If we fix the money, that issue should be reduced.
If people running a company know real inflation is 12%, and profits are only 6%, someone in the company has to take a haircut in order to stay flat, so it seems likely that most decent employees will get 0-CPI% adjusted salaries, good employees will get a small bonus, and more core employees will get cut in on the profit.
The premium inflation rate hike issue is tied more to the money being fake and the real inflation rate being much higher than what gets reported (CPI) than to insurers greedily chasing more profits.
If we fix the money, that issue should be reduced.