Insurance Is A Scam

Poll: Has your insurance covered a cost that you could not?

  • Yes, I would have to sell my house

    Votes: 8 50.0%

  • It would have hurt my bank Account

    Votes: 3 18.8%

  • No, $80 Sterilized socks for surgery is ridiculous

    Votes: 5 31.3%
  • Total voters
    16
RyanTheRhino

RyanTheRhino

Well-Known Member
Why do you buy insurance?, because you might not be able to afford something.

Why can't you afford something? Because someone is willing to buy it for 100X its value.

Why is someone willing to buy something for 100x its value? Because insurance will cover it.


Poll: Has your insurance covered something that you would not be able to pay for ?
 
B

Bombur

Well-Known Member
Yep. Plenty of times. From car damage to stitches insurance has saved my ass from major debt.. but I do agree that prices are only so high because of insurance, like you said.
 
racerboy71

racerboy71

bud bootlegger
RyanTheRhino said:
Why do you buy insurance?, because you might not be able to afford something.

Why can't you afford something? Because someone is willing to buy it for 100X its value.

Why is someone willing to buy something for 100x its value? Because insurance will cover it.


Poll: Has your insurance covered something that you would not be able to pay for ?
Click to expand...
you kind of lost me with the why would someone buy something at 100x's it value ryan, mind giving me an example of what you meant there, please and thank you.. :D
 
BarnBuster

BarnBuster

Virtually Unknown Member
I know people broken financially and mentally by lack of insurance debt. Just something you can't afford not to have, especially if you have a family. It sucks, but it is what it is.
 
RyanTheRhino

RyanTheRhino

Well-Known Member
racerboy71 said:
you kind of lost me with the why would someone buy something at 100x's it value ryan, mind giving me an example of what you meant there, please and thank you.. :D
Click to expand...
If i see my doctor for a regular check up I have a $20 co-pay

If this doctor gets paid $100,000 working 5 days a week for 8 hours

He makes $48.00 an hour.

I meet with him for 10 minuets.

That's $8 worth of his time.

yet my co-pay which is "extremely reduced" in price is $20

That 250% the cost it should be, and im getting a good deal here.


So where is the rest of the $125 bill going if the doctors only receiving $8.
 
C

ChesusRice

Well-Known Member
RyanTheRhino said:
If i see my doctor for a regular check up I have a $20 co-pay

If this doctor gets paid $100,000 working 5 days a wek for 8 hours

He makes $48.00 an hour.

I meet with him for 10 minuets.

That's $8 worth of his time.

yet my co-pay which is "extremely reduced" in price is $20

That 250% the cost it should be, and im getting a good deal here.


So where is the rest of the $125 bill going if the doctors only receiving $8.
Click to expand...
Look at your insurance statement. It will tell you exactly what he recieved from them

and it's whole fuck alot more than 20 bucks
 
racerboy71

racerboy71

bud bootlegger
RyanTheRhino said:
If i see my doctor for a regualr check up Ihave a $20 co-pay

If this doctor gets paid $100,000 working 5 days a wek for 8 hours

He makes $48.00 an hour.

I meet with him for 10 minuets.

That's $8 worth of his time.

yet my co-pay which is an "extremely reduced" in price is $20

That 250% the cost it should be, and im getting a good deal here.


So where is the rest of the $125 bill go if the doctors only receiving $8.
Click to expand...
ok, i got it now..

i got an even better one that pisses me off..

me mom's is in her 70's.. dad died a decade ago.. she's got his old insurance and has medicare as well.. she went and had a surgery, bills were say $20k.. medicare only pays 80% right off the bat, the secondary insurance, dad's old insurance, is supposed to pay the other 20%, but they don't have to.. it happened that they said they were only going to pay $800 of the $4000 owed.. ok, fine and dandy, the hospital and dr's accepted this and said bill was paid in full.. nice right??
well, what would have happened if she didn't have either a, the secondary insurance, or b, no insurance at all?? do you think the dr's and hospital would have let her say shes's only going to pay $16k and some change and not a cent more and be o.k. with that??
just don't see how on earth that is right or just, if you didn't have any insurance at all, you can bet your sweet ass you'd have to pay the entire $20k, but being you have insurance, they can pay w/e the hell they want, and it's ok??
 
RyanTheRhino

RyanTheRhino

Well-Known Member
racerboy71 said:
ok, i got it now..

i got an even better one that pisses me off..

me mom's is in her 70's.. dad died a decade ago.. she's got his old insurance and has medicare as well.. she went and had a surgery, bills were say $20k.. medicare only pays 80% right off the bat, the secondary insurance, dad's old insurance, is supposed to pay the other 20%, but they don't have to.. it happened that they said they were only going to pay $800 of the $4000 owed.. ok, fine and dandy, the hospital and dr's accepted this and said bill was paid in full.. nice right??
well, what would have happened if she didn't have either a, the secondary insurance, or b, no insurance at all?? do you think the dr's and hospital would have let her say shes's only going to pay $16k and some change and not a cent more and be o.k. with that??
just don't see how on earth that is right or just, if you didn't have any insurance at all, you can bet your sweet ass you'd have to pay the entire $20k, but being you have insurance, they can pay w/e the hell they want, and it's ok??
Click to expand...
Right but why does it cost 20K, because they can charge it and insurance paid it, well most of it.

If no one had insurance and no one could pay that 20k how long would it be before the doctors start dropping their price. They have to actually get patients if they want to get paid even if they call themselves non-profit.
 
UncleBuck

UncleBuck

Well-Known Member
RyanTheRhino said:
If i see my doctor for a regular check up I have a $20 co-pay

If this doctor gets paid $100,000 working 5 days a week for 8 hours

He makes $48.00 an hour.

I meet with him for 10 minuets.

That's $8 worth of his time.

yet my co-pay which is "extremely reduced" in price is $20

That 250% the cost it should be, and im getting a good deal here.


So where is the rest of the $125 bill going if the doctors only receiving $8.
Click to expand...
does your doctor practice out of his back yard by himself, or a rather clean building with assistants who went through years and years of college?
 
UncleBuck

UncleBuck

Well-Known Member
insurance is not a scam. it is an actuarial bet that you will almost always lose on by a bit. you and the thousands of others who lose by a bit cover the few that have claims.

it's a simple, straightforward proposition.
 
C

ChesusRice

Well-Known Member
racerboy71 said:
ok, i got it now..

i got an even better one that pisses me off..

me mom's is in her 70's.. dad died a decade ago.. she's got his old insurance and has medicare as well.. she went and had a surgery, bills were say $20k.. medicare only pays 80% right off the bat, the secondary insurance, dad's old insurance, is supposed to pay the other 20%, but they don't have to.. it happened that they said they were only going to pay $800 of the $4000 owed.. ok, fine and dandy, the hospital and dr's accepted this and said bill was paid in full.. nice right??
well, what would have happened if she didn't have either a, the secondary insurance, or b, no insurance at all?? do you think the dr's and hospital would have let her say shes's only going to pay $16k and some change and not a cent more and be o.k. with that??
just don't see how on earth that is right or just, if you didn't have any insurance at all, you can bet your sweet ass you'd have to pay the entire $20k, but being you have insurance, they can pay w/e the hell they want, and it's ok??
Click to expand...
Those without insurance actually get billed more. Really
 
Harrekin

Harrekin

Well-Known Member
It disgusts me the prices your doctors charge.

Here cancer treatment from start to finish costs about €8,000, that's including intensive radiotherapy and equally intensive chemo.

How much is the average round of chemo over there?

Iv heard its almost better to die and let your family claim your life assurance than beating the disease and being fucked for like $300,000.

Why won't Obama institute a REAL universal healthcare system? Instead he produces the Insurance Protection and the Public Get Fucked in the Ass Act. (The IPPGFAA).
 
C

ChesusRice

Well-Known Member
Harrekin said:
It disgusts me the prices your doctors charge.

Here cancer treatment from start to finish costs about €8,000, that's including intensive radiotherapy and equally intensive chemo.

How much is the average round of chemo over there?

Iv heard its almost better to die and let your family claim your life assurance than beating the disease and being fucked for like $300,000.

Why won't Obama institute a REAL universal healthcare system? Instead he produces the Insurance Protection and the Public Get Fucked in the Ass Act. (The IPPGFAA).
Click to expand...
Becuase Obama is not a dictator. Universal Healthcare was an option during the healthcare debates and a Ex Democrat voted against it. That's right single ex Democrat who had the deciding vote.
HIs name is Joe Lieberman and here is a real unaltered picture of him
 
ricky1lung

ricky1lung

Well-Known Member
RyanTheRhino said:
If i see my doctor for a regular check up I have a $20 co-pay

If this doctor gets paid $100,000 working 5 days a week for 8 hours

He makes $48.00 an hour.

I meet with him for 10 minuets.

That's $8 worth of his time.

yet my co-pay which is "extremely reduced" in price is $20

That 250% the cost it should be, and im getting a good deal here.


So where is the rest of the $125 bill going if the doctors only receiving $8.
Click to expand...
People often forget about other costs such as paying employees, elec, water, insurance etc...
There is a portion of that money going to operating expenses.
 
Rob Roy

Rob Roy

Well-Known Member
Bombur said:
Yep. Plenty of times. From car damage to stitches insurance has saved my ass from major debt.. but I do agree that prices are only so high because of insurance, like you said.
Click to expand...
In a heavily regulated market, it is easier for the privileged business to charge more, since there are fewer providers due to the barriers of entering that particular market. In a less regulated market, more players could offer the service and prices would tend to go down.
 
Rob Roy

Rob Roy

Well-Known Member
ricky1lung said:
People often forget about other costs such as paying employees, elec, water, insurance etc...
There is a portion of that money going to operating expenses.
Click to expand...

Government takes a large portion too, as all protection rackets will.
 
Doer

Doer

Well-Known Member
RyanTheRhino said:
Why do you buy insurance?, because you might not be able to afford something.

Why can't you afford something? Because someone is willing to buy it for 100X its value.

Why is someone willing to buy something for 100x its value? Because insurance will cover it.


Poll: Has your insurance covered something that you would not be able to pay for ?
Click to expand...
I am alive. It cost me more than the insurance would pay. I am still beating on them for about $10K.

But, where could I have gotten the $1.27 Million, to keep myself alive? I've had 3 major surgeries and 3 major chemo runs.

In fact, you can be self insured, by paying a tax these days to do it. No tax last year, but soon.

I was self employed until 30 years old. Emergency room, only. Paid retail.
 
C

ChesusRice

Well-Known Member
Everytime I hear the argument insurance is what makes medical care so expensive I think of tiny Tim who needed an operation to live his family couldnt afford.
So I guess they must of had health Insurance during Charles Dickens time as well
 
RyanTheRhino

RyanTheRhino

Well-Known Member
ChesusRice said:
Everytime I hear the argument insurance is what makes medical care so expensive I think of tiny Tim who needed an operation to live his family couldnt afford.
So I guess they must of had health Insurance during Charles Dickens time as well
Click to expand...

They didn't have the technology. Surgery back then was hack the arm off

Pick any 18th century medical instrument.
 
Rob Roy

Rob Roy

Well-Known Member
UncleBuck said:
insurance is not a scam. it is an actuarial bet that you will almost always lose on by a bit. you and the thousands of others who lose by a bit cover the few that have claims.

it's a simple, straightforward proposition.
Click to expand...

Not if a person is forced to buy it. Then it's coercive. Sort of like a mafia proposition, one that has consequences for refusing.
 
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