More Politics
Brad, let me explain insurance to you real quick.
from bobabooey #11773
9/23/2009 3:55:42 PM
Rated:
First of all, I hate insurance. I think we would all be better off without it. The majority of us pay more in than we will ever get out.
That being said, filthy lawyers sue insurance companies. Insurance companies raise the insurance premiums of doctors and hospitals. Doctors and hospitals pass the cost on to you (the patient) so that they can stay in business.
Remember insurance is just a numbers game. They don't produce anything. They are not going to lose money. They make money off of handling large amounts of money. They invest it and so forth. The more money they handle the more they can make. It does not matter how much filthy scum sucking lawyers steal from them, it is just passed down to you.
Insurance companies and their executives love lawyers. In the past you could start a company with little or no insurance. Now, you must buy errors and ommisions (filthy lawyer insurance). All of this lawyer theft just pads the premiums that people pay in car insurance, home owners insurance, health insurance etc. It means more money in the hands of big insurance companies.
Brad, the only loser is us, the working people who pay more for goods and services. The winners are the insurance companies and the lawyers. When you pay 20 times more than you should at the hospital you are paying money to filthy lawyers and insurance companies.
You cheer big lawyer verdicts but it is your dumbass who is paying for it.
The problem is that people like you don't understand this. You side with the filthy lawyers-which also benefits the insurance companies and ultimately screws you. You are just not bright enough to know any better.
from ButchT 9/23/2009 5:05:23 PM
Problem is you are speaking to an open space when you address Brad,,,every thing that makes sense or reasons just flies right on through that open space where a brain is suppose to reside.
But he serves a purpose... :)
from MikeF 9/23/2009 5:40:14 PM
But I think a lot of people don't actually serve a purpose they just take up space. And yes Paul I understand that's mean.
from DaveT 9/23/2009 8:22:38 PM
Great post.
from Brad 9/24/2009 2:57:13 AM
There is a vidio in there that says it pret good:
http://pleasecutthecrap.com/
from 710brownfish 10/8/2009 3:52:53 PM
excessive claims are the single and overwhelming majority cause for insurance prices being so high. And I am a seasoned and profitable multi-line insurance agent. The hyper-litigious culture we operate in does increase the necessity for insurance, but if I had to put a concise figure on what the primary contributer to pricing is it would be 75% because of excessive and unnecessary claims and misrepresentation by applicants (that's a fancy word for lying to the big billionaire insurance company). House insurance today, according to how most of our clients see it, is nothing more than a maintenance agreement. Everybody has a 16 year old kid insured for liability only on a 1970 Volkswagen Beetle (that is overgrown with kudzu in the field behind the barn), all the while the kid is driving (and wrecking) every late model car in the household. Half the people I know nowadays are clinically certified malaises (hypochondriacs) who make at least two monthly trips to the doc in the box for shots and prescriptions. And even though in most states auto insurance is mandatory, the latest figures I have seen indicate that nearly 40% of all accidents involve at least one uninsured auto. So that person has to file it on their own policy, thus basically absorbing the cost for the uninsured person. If we really want to piss and moan about unfairness, go find your uninsured neighbor and call them the parasite they are...because YOU are indirectly paying for their insurance. The insurance industry is noble and honest, but we live in a financially ignorant society who thinks insurance is a unilateral contract...as if the client has no boundaries or obligations. We'd do well in our country to remove all the worthless enlightenment courses in our high schools and create a mandatory finance and insurance course! Get your butt out of debt, then you can afford to replace your roof when it's 30 years old and worn out, and you won't have to get mad at your insurance company for not paying you for it!
from Gridleak 10/8/2009 4:59:37 PM
...
that lawsuites due to malpractice prob'ly don't account for ten percent of the cost of insurance. I'd also be willin' to bet that administrative, accounting, etc... makes up for 25% or better of the cost. Furthermore I'd bet that fraud in the form of overbilling and billing for services rendered trying to cover up malpractice accounts for another 40% of the cost... which when discovered SHOULD be sued for.
There are two things that have occured in my life to cause me to believe this.
One was when I had a wreck in Colorado back in '81. The hospital mistakenly billed me instead of my insurance company. The total bill was a little over $600. I contacted the hospital and told them to bill the insurance company, afterall they had taken that information when I was admitted.
A few weeks later I get a letter from the insurance company wanting me to verify the charges. The hospital was billing for over $1400 bucks.
I sent them a copy of the bill the hospital had sent me... and I never heard anything else about it.
Two, when my oldest son was born everything went just hunkydory with one exception. My son had been delivered cesarian section and the hospital forgot to get the wife up and moving around to wake up her bowels. Instead they fed her. The next morning she called me at about 3:00am sicker than a dog, cryin' and thought she was dying. The hospital had food poisioned her. The only funny part about it was that the hospital tryed to blame it on me by saying that I should have gotten her out of bed and walked her around. Needles to say I pointed out to them that they were the doctors and nurses and that if she needed physical therapy to keep from getting food poisioning... that did not fit my job description. I was in finance... not rehab.
The wife and son remained in the hospital for another week do to malpractice and the hospital billed the insurance company for it. The insurance company notified me that they were not going to pay for it and that if the hospital tried to bill me for it that I should contact the insurance company and that their legal department would handle it.
The hospital had tried to bill for $25,000 dollars.
I tell you, there are two cases of fraud right there that should have been sued for. Everybody wants to talk about insurance reform, but the reform needs to start at the billing department of the care givers. Wrong is just wrong and it is stuff like this that makes health insurance costs skyrocket.
Gridleak
Edited 10/8/2009 6:37:37 PM
from 710brownfish 10/8/2009 6:02:09 PM
Even the simplest and oldest trick in the book accounts for millions upon millions of dollars in fraudulent charges----body shops "rolling in the deductible". This is completely rampant and so hard to prove. But once again, "poor ol me doesn't have $500...so we'll just cheat the big bad insurance company."
For the record, the loose definition of indemnity (which is what insurance does) is "to restore the insured to the same approximate standing as they were in prior to the loss". Your average client truly expects to profit from insurance, and in fact most do. Most people have an old, worn roof on their house. Times today are tough, many have lost income, etc. Then a storm damages a few of the shingles, and since they have a replacement cost policy, we put a brand-friggin new roof on for them! (Now maybe that's divine intervention???) So let's review: I have a crappy rotten roof, Ins Co. "X" put me on a new one (minus my $500 deductible). Looks like you just got a brand new roof for $500! I call that "profit". But those big bad insurance companies are screwing me!
The older generation understands the concept of personal responsibility and bilateral contracts. Accordingly, we seldom have claims on 50+ clients. I don't think the younger generation understands the concept that every penny you pay your insurance company truly does buy something--guaranteed protection IF you have a claim. Just because you didn't have a claim doesn't mean you threw your money away----you were being covered that whole time. If you pay insurance for 50 years and never have a claim, you still paid for 50 years worth of protection. In any split second, your house could have burned to the ground (hundreds of thousands of dollars), your car could have gotten stolen/wrecked, etc. You see that mentality most of all in life insurance. "Ya'll are just betting that I'm gonna die and I'm betting that I'm gonna live"...well, DUH!!!!!!!! I hope your dumb butt doesn't die without that life insurance!!!! Because you know everybody lives to the ripe old age of 90!!! The same folks that will pay $1000 a year for home insurance, and $1000 a year for car insurance, and $1000 a MONTH for health insurance, won't pay $30 a month for life insurance. Dummies.
|
