this post was submitted on 08 Sep 2023
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We are considering inflation. Then add on risk adjustment, and we can see it for the corporate charity it is. If it was a good investment, then we wouldn't have been forced to make it. Yes there was enough private capital to cover these loans.
Them being "forced" to take loans is irrelevant because they're the ones buying policy, not us. One interest rate for them, another higher interest rate for them to charge you.
We are being robbed blind.