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Insurance may not be a scam, but it is little different to mob activities. Insurance companies bet that nothing will go wrong with you over the insured period, you bet that it will. They set the odds and charge you accordingly. If they are wrong and you win they up the ante on the next bet. How is this different from the illegal gambling activities that the mob have run for years. They like to justify their activity by saying that it "spreads the risk" and it does, but they make a very healthy profit and the odds they offer are usurious.
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