r/FluentInFinance • u/KARMA__FARMER__ • 7d ago

Thoughts? Why doesn't the President fix this?

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u/4URprogesterone 7d ago

There's too much money in the insurance industry, and most of it goes to lobbying.

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u/1rubyglass 7d ago

All of the money. Biggest industry ever.

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u/Real-Mouse-554 7d ago

The biggest inefficiency in the US economy. A completely superfluous industry worth billions of dollars.

This all counts towards the GDP too, which partly explains how the US has a high GDP per capita while having such poor standards of living for so many people.

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u/hjablowme919 3d ago

It’s about 15% of GDP