Do you think insurance is a scam

tistan

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You’re helping to pay for others who don’t have insurance.
You are correct. When it comes to health insurance, I am paying for a lot of smokers and fat ****s who haven't exercised in many years. If this was the 1800s, most of these people would be dead in their forties. Thanks to modern medicine these people can make it into their 60s and 70s.
 

TK1299

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You are correct. When it comes to health insurance, I am paying for a lot of smokers and fat ****s who haven't exercised in many years. If this was the 1800s, most of these people would be dead in their forties. Thanks to modern medicine these people can make it into their 60s and 70s.
Unfortunately society does, and presumably always has paid for the more irresponsible members
 

TBCobra

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You are correct. When it comes to health insurance, I am paying for a lot of smokers and fat ****s who haven't exercised in many years. If this was the 1800s, most of these people would be dead in their forties. Thanks to modern medicine these people can make it into their 60s and 70s.

Damn, let us know how you really feel.
 

Twisted2v

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You are correct. When it comes to health insurance, I am paying for a lot of smokers and fat ****s who haven't exercised in many years. If this was the 1800s, most of these people would be dead in their forties. Thanks to modern medicine these people can make it into their 60s and 70s.

More like paying for management compensation, shareholder dividends, pharmaceuticals, medical imaging and technology, and research.

I dislike the doctors that have zero clue about treating patients.
 

me32

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I've been in one at fault accident in 23 years. It was about 4 years ago. I backed into a car. I let the owner know I hit them and gave them my insurance. I did $1400 in damage. My insurance went up almost that for a year. In three years time that it took to go off my record, i paid the insurance more than double what they paid out. I told my insurance that I would pay them back the $1400 to take it off my record, but "rules" say once it is filed it can't be undone.
Which i think is bull shit. If you reimburse there loss they should remove it.
 

TK1299

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tistan

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More like paying for management compensation, shareholder dividends, pharmaceuticals, medical imaging and technology, and research.

I dislike the doctors that have zero clue about treating patients.
Due to malpractice lawsuits, doctors are forced to over treat patients. The pharmaceuticals sales people are the ones who make no sense to me. If someone is sick and their bodies need a specific drug, then that's what they should get. The doctor shouldn't first try a drug from his golfing/drinking buddy.

Starting 2020 medical insurance is required by law again. At least in CA i know it is.
That must just be Cali. I have heard nothing of this in my home state.
 

tistan

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More like paying for management compensation, shareholder dividends, pharmaceuticals, medical imaging and technology, and research.

I dislike the doctors that have zero clue about treating patients.
Due to malpractice lawsuits, doctors are forced to over treat patients. The pharmaceuticals sales people are the ones who make no sense to me. If someone is sick and their bodies need a specific drug, then that's what they should get. The doctor shouldn't first try a drug from his golfing/drinking buddy.

Starting 2020 medical insurance is required by law again. At least in CA i know it is.
That must just be Cali. I have heard nothing of this in my home state.
 

sonicx

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But if you’re not paying you’re premiums then how will insurance companies afford all those tv commercials, banners at events, and expensive executive salaries? Ahahaha kidding kidding
 

1 Alibi 2

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The thing that annoys me is my insurance rate isn't based on " MY " driving record, it's based on what the Ins. co. costs are to do business in my state.
 

VegasMichael

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Insurance is a waste of money until you need it. No, it likely won't pay all your bills but it makes it less painful. Term life insurance is nice for your loved ones should you pass. I pay ZERO per month for health insurance(my employer pays about 7 grand per year for me) and it pays for the majority of what might ail me. My co-worker had a house fire and his insurer put him in a hotel and then a rental home for over six months until his house was repaired free of charge. I have had cars totaled and stolen and have been reimbursed. It doesn't pay for everything but again, I was glad I got something.
 

Dirks9901

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^^^ agreed. Insurance is a scam until you need it. When i was 21 i was hit with a pretty devastating medical emergency. Luckily i pulled through with with only 2 complications that aren’t a big deal. Pretty fortunate. So after 4 major surgeries and treatment, it cost millions. (4+) That doesn’t include therapy and 2 smaller surgeries because I cannot remember the cost.

My family is pretty well off, however that would of been rough to pay for and at the time, I don’t think we could of.

Long and the short, i was a perfectly healthy 21 yr old who lead a clean life and still do and never saw something like that coming. Most don’t i guess.

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CobraBob

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The thing that annoys me is my insurance rate isn't based on " MY " driving record, it's based on what the Ins. co. costs are to do business in my state.
That is unfortunately true. You can have an impeccable driving record but your rates are largely based on how much is paid out in insurance claims. Any "good driver" discounts you might get are really minimal.

I haven't had an home insurance claim in over 45 years. My rates have never gone down.
 

svtfocus2cobra

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How would two drivers (or multiple drivers) settle an accident dispute if they were all self-insured and neither of them claim fault? It would have to go to court every time to settle each dispute which would in turn cost thousands in legal fees and clog up the court system even more. What insurance companies do is subrogation within the company and they negotiate with each other who is at fault and to what degree which in turn usually negates the need to settle the dispute in court.

Your idea of self-insuring is flawed for that very reason alone. We could not feasibly insure ourselves and settle our claims just by simply paying out for ourselves.
 

tistan

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How would two drivers (or multiple drivers) settle an accident dispute if they were all self-insured and neither of them claim fault? It would have to go to court every time to settle each dispute which would in turn cost thousands in legal fees and clog up the court system even more. What insurance companies do is subrogation within the company and they negotiate with each other who is at fault and to what degree which in turn usually negates the need to settle the dispute in court.

Your idea of self-insuring is flawed for that very reason alone. We could not feasibly insure ourselves and settle our claims just by simply paying out for ourselves.
If you have ever been in the position where insurances negotiates fault, then you would rather have your day in court.

My wife got in an accident a few years ago before we were married. She was driving down a two lane road, and I was in the passenger seat. The car in front of her was hit head on by a drunk driver. The force turned the car in front of my wife side ways and stopped it dead in its tracks. My wife swerved into the turn lane to try and miss the car, but there was no room to go anywhere . The insurance of the drunk girl determined that part of the wreck was my wife's fault and they were not going to pay for her car repair and tried to get my wife's insurance to pay for part of the other persons repair. My wife's insurance fought and said no she wasn't at fault. My wife's insurance didn't raise her rates because they didn't consider her at fault. The wreck went on my wife's insurance record as at fault. Then her insurance went up quite a bit, and she found out she couldn't change insurance for 3 years because every other insurer viewed her as at fault. Since it is insurance, there was no recourse to fix things.
 

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