this post was submitted on 09 Nov 2024
961 points (98.2% liked)
Leopards Ate My Face
3330 readers
752 users here now
Rules:
- If you don't already have some understanding of what this is, try reading this post. Off-topic posts will be removed.
- Please use a high-quality source to explain why your post fits if you think it might not be common knowledge and isn't explained within the post itself.
- The mods are fallible; if you've been banned or had a comment removed, you're encouraged to appeal it.
- For accessibility reasons, an image of text must either have alt text or a transcription in the comments.
- All Lemmy.World Terms of Service apply.
Also feel free to check out !leopardsatemyface@lemm.ee (also active).
Icon credit C. Brück on Wikimedia Commons.
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Your employer offers you insurance by pooling its employees together to get a bulk rate. Your employer then subsidizes your plan (in most cases) and pays a fixed amount for your participation.
Essentially, the government did the same thing except it pools everyone who purchases through them.
Fun fact: if everyone purchased through the exchange, it would overall be cheaper for everyone but then tHaT iS sOcIaLiSm!