6 ms·

That will raise the price of insurance even more. Now you have to cover the cost of risk of suing your own insurance pool.

plagiarist 3y ago
Alternatively, they could consider not having lone employees mass-denying procedures from a spreadsheet. Or at least stop using the AI that gets it wrong so often it's indistinguishable from intentional.
- beaeglebeached 3y ago
  I think biggest problem is health insurance is now more like a weird HSA where insurer owns the money and operates as cartel. It might be cheaper for some to not even have it and just go to Mexico, maybe some minimal insurance only for emergency room. Hard to call it insurance, when so much used for known chronic ongoing costs.
  - tenebrisalietum 3y ago
    A friend of mine had gastric bypass revision surgery in Mexico because it was cheaper.
wing-_-nuts 3y ago
As opposed to a single 'doctor' mass denying 1000's of requests a day? That should be illegal.
- beaeglebeached 3y ago
  Profit margins are like 4% on health insurance. Insurance companies introduce a lot of cost and waste, but there's no evidence to me these mass denials are anything but the market not bearing real insurance that covers things reasonably under current regulatory conditions. Could it be the consumer is too poor to pay for a bloated system that covers what it does, plus the mass denials? The whole system is fucked and the even more fucked part is mass denials may be a symptom of the madness of the inefficient rube Goldberg machine and not even a profit driver.
  - antisthenes 3y ago
    > Profit margins are like 4% on health insurance. If I tell you my cost of a bottle of water is $96,000 and sell it to you for $100,000 in the middle of the desert, my profit margin is only 4%.
    - beaeglebeached 3y ago
      You would also get a nice visit from the IRS.
      - antisthenes 3y ago
        I'd rather pay taxes on $4000 than $0.40
        beaeglebeached 3y ago
        I honestly thought the jig here was lying about the 96k. If the bottle actually costs 96k then I don't begrudge the 4% risk for hauling to the desert.
        BenjiWiebe 3y ago
        The jig here is that even though profit is a reasonably slim 4%, the water bottle is being sold at an outrageously high price. IOW, medical insurance is both expensive and not very profitable because hospitals are charging tremendous sums (and implied that they are overcharging).
        beaeglebeached 3y ago
        That doesn't explain the denials though. My point was that they're apparently doing mass denials and still barely breaking a profit. It suggests the consumer wouldn't be able to afford the insurance that doesn't, if it's not a small piece of the puzzle, otherwise they'd pay more for that.

plagiarist 3y ago

Alternatively, they could consider not having lone employees mass-denying procedures from a spreadsheet. Or at least stop using the AI that gets it wrong so often it's indistinguishable from intentional.

beaeglebeached 3y ago
I think biggest problem is health insurance is now more like a weird HSA where insurer owns the money and operates as cartel. It might be cheaper for some to not even have it and just go to Mexico, maybe some minimal insurance only for emergency room. Hard to call it insurance, when so much used for known chronic ongoing costs.
- tenebrisalietum 3y ago
  A friend of mine had gastric bypass revision surgery in Mexico because it was cheaper.

wing-_-nuts 3y ago

As opposed to a single 'doctor' mass denying 1000's of requests a day? That should be illegal.

beaeglebeached 3y ago
Profit margins are like 4% on health insurance. Insurance companies introduce a lot of cost and waste, but there's no evidence to me these mass denials are anything but the market not bearing real insurance that covers things reasonably under current regulatory conditions. Could it be the consumer is too poor to pay for a bloated system that covers what it does, plus the mass denials? The whole system is fucked and the even more fucked part is mass denials may be a symptom of the madness of the inefficient rube Goldberg machine and not even a profit driver.
- antisthenes 3y ago
  > Profit margins are like 4% on health insurance. If I tell you my cost of a bottle of water is $96,000 and sell it to you for $100,000 in the middle of the desert, my profit margin is only 4%.
  - beaeglebeached 3y ago
    You would also get a nice visit from the IRS.
    - antisthenes 3y ago
      I'd rather pay taxes on $4000 than $0.40
      - beaeglebeached 3y ago
        I honestly thought the jig here was lying about the 96k. If the bottle actually costs 96k then I don't begrudge the 4% risk for hauling to the desert.
        BenjiWiebe 3y ago
        The jig here is that even though profit is a reasonably slim 4%, the water bottle is being sold at an outrageously high price. IOW, medical insurance is both expensive and not very profitable because hospitals are charging tremendous sums (and implied that they are overcharging).
        beaeglebeached 3y ago
        That doesn't explain the denials though. My point was that they're apparently doing mass denials and still barely breaking a profit. It suggests the consumer wouldn't be able to afford the insurance that doesn't, if it's not a small piece of the puzzle, otherwise they'd pay more for that.