this post was submitted on 09 Nov 2024
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Leopards Ate My Face
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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!