'Don't fall for it': Healthcare sharing ministries look like insurance, but they're not

[Hank77]

When you give someone money and they just sit on that money (minus a fee) until you want it back, that's a loan, isn't it?

No, I think it's more like a savings account.

 

[Nithavela]

No, I think it's more like a savings account.

Where's the difference? Aren't you also loaning the bank your money when you put it into a savings account? Most banks even pay a bit of interest on the money in those accounts.

 

[Hank77]

Where's the difference? Aren't you also loaning the bank your money when you put it into a savings account? Most banks even pay a bit of interest on the money in those accounts.

Sorry Nithavela, I have nothing more to say about any of this.