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Off topic but on the same line. One of the most annoying things about being a consumer in the US is the ubiquitous unknown-until-last-minute pricing. You rent
by ta1234567890 6y ago
Off topic but on the same line. One of the most annoying things about being a consumer in the US is the ubiquitous unknown-until-last-minute pricing.
You rent a car, you don't know what the total is going to be. You go to the hospital, you don't know how much you're going to have to pay. You book a hotel and don't know the total until you check out. You go to a restaurant and even if you order just one thing and saw the exact price on the menu, that's not going to be the total. You go to the grocery store, see all the prices on the items, add them up, and then when you go pay, surprise!
- _spoonman 6y agoHave you ever bought a house here? You go through a 1-2 month (minimum) process of providing financial documents from the past six months or more to mortgage originators, and no one can tell you how much to bring to closing until 24 hours before. It’s insane.
- onion2k 6y agoIt’s insane. You spelled "profitable" wrong.
- ta1234567890 6y agoIt is crazy. Not a house, but friend had a baby in SF/Bay Area. Neither the hospital, doctor or insurance would tell them how much the delivery would cost, not even an estimate. It took a whole year after their hospital visit to get the bill, it was $85k for a c-section and 3 days at the hospital. Fortunately their insurance took care of most of the bill. But can you imagine getting a surprise bill for $85k a year after the fact? Or not having insurance? Terrifying!
- fmpwizard 6y agoWe have two kids (in NC, US)), both were c-sections, we had insurance on the first one, but because she was born in Feb, we had to pay the deductible twice, because even though it was the same pregnancy, it was "over two billing years". And even with insurance we still ended up paying the rest of the bill over 3 or 4 years. Second kid was with no insurance, I think we'll finish paying that one when he turns 10 years old. I don't know about other areas in the US, but around here you can at least setup a payment plan with the hospital and they are 0% interest rate.
- EE84M3i 6y agoDon't get me wrong, I'm not a fan of insurance companies, but they seem pretty up front with the fact that deductibles are based on date of service rendered.
- jedberg 6y agoThey are, but it's still dumb. It puts extra demand on the medical system in December as people try to squeeze in their elective procedures in a year where they already paid their deductible, and it incentivizes you to not get care early in the year in the hopes that "it just goes away" and then sometimes it gets a lot worse and costs a lot more than if you had just gone in the first place. Deductibles should be a rolling 12 month bill. If you have something major in December you should be good until next December. This would eliminate all of the issues with deductibles rolling over on Jan 1. It would even bring extra profit to the insurance companies because people might decide to stick with their provider another year since "I already made my deductible until November".
- refurb 6y agoI narrowly avoided that issue when my kid was born late in the year. But yeah, you end up paying almost double for the same thing because of the deductible and out of pocket max resets in the new year. That said, I was able to take advantage of it by making sure my surgery was scheduled before end of year. Ended up paying something like $200, rather than $1500 if it had happened in January.
- elicash 6y agoIt's worse than this suggests. If they couldn't provide an estimate because unexpected things happen and they can't predict all services that will be required, that'd be one thing. But they can't even provide a list like, "if you need an aspirin, that costs $X. And if you need..."
- refurb 6y agoRandom comment - UCSF will now provide a billing estimate for procedures. They actually look up your coverage and figure out the out of pocket for you based on deductible, co-insurance, etc. I did this and it was pretty close. Of course, they don't make any guarantees that's it accurate. But hell, it's a start.
- cwhiz 6y agoWell that is actually a pretty tough one. How are they supposed to predict how long the delivery will take or whether the mother will need a c-section? Even if the hospital were able to perfectly predict all of the procedures and line items they still would not be able to tell you what you, the individual, would ultimately pay. Even if they know your insurance information they still would not know how close you are to hitting your deductible or annual out of pocket max. There are a million different things that eventually go into figure out what the end "customer" will actually end up paying. And just because they "billed" your insurance $85k doesn't mean they were actually paid $85. Billable vs allowable and all that mess. However, if you went into the hospital and asked for the cash cost of a routine procedure they very likely would be able to give you a close approximation to what you would end up paying.
- ta1234567890 6y ago> How are they supposed to predict how long the delivery will take or whether the mother will need a c-section? In their case it was a scheduled c-section. In any case they can at the least give you a range: min-max. Additionally, hospitals keep very accurate track of their c-section rates, so even if they are not able to predict yours in particular, they can definitely tell you what your odds are ahead of time. And, there are other countries and healthcare systems in which they internally take care of the stats/metrics so that they make a decent amount while you pay a reasonable amount that they tell you before you choose to get the procedure. The hospital doesn't tell you the estimate of anything because they are afraid of the liability (or maybe just accountability). It's just lazy or maybe too convenient, to say it can't be done. I mean if already health insurance companies can give you a fixed monthly amount to pay, then they know very well how much it's going to cost them, why not tell us?
- dragonwriter 6y ago> And, there are other countries and healthcare systems in which they internally take care of the stats/metrics so that they make a decent amount while you pay a reasonable amount that they tell you before you choose to get the procedure. That's a difference in the financing system, which hospitals have about as much say in as consumers do. The insurance companies (including government payers like Medicaid and Medicare) don't just control reimbursement, they control what providers can bill to customers, too. And that includes (by usual and customary charge rules) influencing what they can and need to charge to customers that aren't even being reimbursed by the payer in question.
- itsoktocry 6y ago>no one can tell you how much to bring to closing until 24 hours before. It’s insane. In some ways, yes. In other ways, it's insane that people are able to borrow 5-10x their average annual income for an item (the house) that they have very little expertise in analyzing. In that sense, it's a process that is surprising it works at all.
- qes 6y agoNobody is mortgaging 10x their income. You'll have tough time getting 5x.
- renewiltord 6y agoThat doesn't sound right. You can definitely get a million dollar loan with $250k down on a $200k salary. I'd say it's pretty common. My friends own homes and fall into that category.
- rahilb 6y agoThat’s 5x, actually less because of the deposit amount.
- renewiltord 6y agoThat's the point. > You'll have tough time getting 5x. 5x isn't tough. It's easy. In fact, better.com will give it to you right now.
- qes 6y agoOk, fair, but for the 80%+ of the U.S. that aren't high income earners 5x won't be as easy. I obviously didn't include a ton of nuance in my original post.
- hatboxreappoint 6y agoWouldn't that make it a $750k loan on a $200k salary? So 3.5x
- baking 6y agoThis site seems pretty decent: https://www.bankofamerica.com/mortgage/closing-costs-calculator/ https://www.bankofamerica.com/mortgage/closing-costs-calcula... Your bank should be upfront about their lender fees, points and origination costs. Third party fees are either fixed or a simple percentage of the sale price. The rest can be tricky, but should not be a deal-breaker for a new homeowner. Basically you are just paying the expenses for a short while up front. Interest through the end of the month, real estate taxes through the end of the quarter, Home owners and mortgage insurance and real estate taxes for the escrow account to cover 2-3 months.
- drstewart 6y agoCan you point to some European hosting services that have an upfront cost regardless of usage?
- iforgotpassword 6y agohetzner.de
- afidrya 6y agoI don't recommend them. We used to host an online text game there (MUD) and when one of the players decided to DDOS it, Hetzner just pulled the plug. I moved to soyoustart.com (it's OVH brand) - in following month they sent a couple emails about the server being attacked and that they're trying to mitigate the attack, but game kept working.
- iforgotpassword 6y agoYes they are quick to just drop all traffic to hosts being attacked, that should be noted. Ovh is putting in a little more effort but will also nullroute your IP if it's getting too bad. Generally the hetzner network seemed more stable and less congested to me though.
- jen20 6y agoYes: OVH [1]. They sell by bandwidth rather than by data transfer, which is by far the biggest variable in cloud usage. [1]: https://www.ovh.com/world/dedicated-servers/rise/rise-1/ https://www.ovh.com/world/dedicated-servers/rise/rise-1/
- willvarfar 6y agoI use the small glesys.com and pay for the box with a capped bandwidth. If my blog or apps are slashdotted (or HNed or whatever we should call it nowadays) they just load slower, degrading gracefully, and never stop or return an error.
- 6y ago
- amelius 6y agoAccording to the FTC, [1], price transparency could supposedly harm competition, and it could drive companies towards price fixing. [1] https://www.ftc.gov/news-events/blogs/competition-matters/2015/07/price-transparency-or-tmi https://www.ftc.gov/news-events/blogs/competition-matters/20...
- p_l 6y agoExcuse me, but WHAT
- CoffeeDregs 6y agoPrice transparency can harm prices. Competitors can use it as a mechanism to signal appropriate prices to each other in order to reduce pressure to reduce prices. It's highly industry/context specific but transparent pricing does not always mean better pricing. In fact, in limited contexts, price fixing can lead to better pricing. I think Westinghouse was the big FTC price-transparency-can-be-bad case. That's orthogonal to the post's issue, though: he paid exactly the price he was quoted for services rendered; that he didn't understand the services he was consuming isn't really Amazon's problem but it's great they jumped in to help a $0 account (which, of course, was self-serving)...
- barrkel 6y agoThe context of the FTC article is healthcare. There are simpler mechanisms for communicating price fixing - like saying "we won't be beaten on price" - that don't need to mention the price at all.
- CoffeeDregs 6y agoAgreed. Pricing transparency in healthcare has been wonderful for pricing (see The Atlantic's Fallow's article). My point was that pricing transparency is not a panacea. It seemed that some people were reacting as though pricing transparency is a magical salve. AWS: In my experience, AWS pricing has been transparent and great and they generally take steps to keep you from foot-gunning yourself. This article discusses a case in which the author foot-guns himself using a predictable mechanism AWS can't really prevent. I'm unsure of what else AWS could do to protect him from himself... (Anyone can throw out simple solutions without understanding S3's implementation complexity: they could seriously throttle their own product! ... but that might be seriously complicated and might hamper the value of the product to others. Besides, if you buy a M1A1 tank, you should be very careful about using it: it could use tons of fuel... He bought an M1A1, left the keys on the dash and then was surprised when he found got a huge fuel bill...).
- mfer 6y agoFor those who don’t know, the issue in the US with not knowing the hotel or car rental costs is typically taxes. Different places have different taxes and those are often not shared at the time one books. I’ve been using fixed price services (they exist) just so I don’t run into what Chris did. They aren’t evangelized as well.
- namdnay 6y agoHotel I agree, Rental car less so: the final price always seems to be about 2x the advertised daily rate so I think there is more at play than taxes
- lostmsu 6y agoI always paid in advance, and never noticed this.
- ghaff 6y agoThere are a ton of fees added on to rental cars, especially when you rent at the airport, in addition to taxes. I wouldn't have said 2x the base rate but you can definitely hit 30-40% uplift. When comparison shopping rental car pricing, you absolutely have to know if it's the base rate or the all-in price. Hotels have some of this but the overall uplift is usually a lot less--at least until they start adding "resort fees" to otherwise discounted rooms.
- ta1234567890 6y agoThat's just the excuse for doing it. But tax rates are known ahead of time, they could just add the tax to the price and put it on the sticker, just like pretty much every other place in the world does. In my opinion, it's a very deceiving practice that could definitely be fixed if businesses really wanted to fix it. But there's no incentive, because if you show your prices including tax and fees, they'll seem more expensive than the competition. In the case of hotels, my experience is that with a lot of them you book online, pay the total, but then when you go check out, they've added some extra fees. Sometimes this happens before booking, you browse the options and choose based on price, but when you go check out, the total has changed because they've added not only taxes but some other fees as well. My most recent experience having this issue was with AirBnb just two days ago.
- clintonb 6y agoAre you referring to taxes and tips? While not always visible, they can be calculated. The last time I booked a rental car or hotel, I paid exactly what I was quoted at booking time.
- projektfu 6y agoAside from things you order in the room or charge to your room, what is changing on the hotel fees? Typically they are quite straightforward, unlike rental car quotes. You can even pre-pay.
- MandieD 6y agoI always use ADAC (German AAA equivalent) to rent cars, especially for the US, and prepay them. They then send me a PDF that tells the car rental clerk in German, English and Spanish that they are to provide exactly what the voucher says and no further options, like prepaid fuel or supplemental insurances (ADAC rentals include 1M EUR in liability and comprehensive insurance). The only suspense left is whether I get the compact I signed up for, or some monstrous SUV because they’re all out of more sensible options. A few hints about how bad I am at backing up anything larger than a Camry has gotten results.
- refurb 6y agoI'm not even a tech person and I know that AWS has an option to set billing alerts for whatever amount you want. Damn sure I'd be setting those up if I wasn't 100% sure I knew what I was doing (is anyone ever 100% sure?).
- unionpivo 6y agoProblem is, it's alert after the fact. And it doesn't actually stop. Unless you have scripts in place to nuke everything (which you will have to develop yourself since aws doesn not supply them), you have to manually login, and try to shut things of, while bill goes chaching