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Only because of incredibly confusing pricing schemes with copays, deductibles, lifetime limits, out-of-pocket limits, in-network limits, and so on and so forth.
by lpsz 11y ago
Only because of incredibly confusing pricing schemes with copays, deductibles, lifetime limits, out-of-pocket limits, in-network limits, and so on and so forth. This should be addressed by making information transparent to all buyers, not through middlemen.
A bad hairdresser can slice off my ear and a bad cook can poison me.
- TheOtherHobbes 11y agoIt's rare for hairdressers to act in bad faith, because acting in bad faith - slicing off ears for fun - is a bad way to make living. In finance, it's incredibly easy to make a living by acting in bad faith. You can offer insurance with no serious intention to pay out, and tie up claims in bureaucracy and legal loopholes. Good regulation should go some way to minimising bad faith actors. In fact the industry seems quite scammy anyway. But it would be much, much more scammy - to a criminal extent - with no regulation at all.
- deleted 11y ago[deleted]