Quote (Bruv @ Mar 19 2024 06:42pm)
I personally think insurance is a scam.
You need to understand what it really means, this whole "insurance" business.
Mathematically it's the same concept as when you take out car insurance or travel insurance. Everyone is paying into a pool of money so the random few who need it receive help. It also costs less for an individual the more people pay into it.
The main thing where health insurance differs from car or travel insurance is that there is no natural upper ceiling on the costs.
Accident-related car insurance has a natural upper cost bound related to the cost of repairing or replacing the actual car (for now ignoring the human-related cost). In travel insurance, you typically get reimbursed for your hotel and for the tickets you didn't use. There is no one in the car or travel industry coming up with expensive lotions or treatments your car (or your canceled ticket) can receive.
Physicians and pharma companies in the US have no such natural bounds, so they try to charge whatever they think they can get away with.
That's why you eventually see such weird things like the one you described with a surprisingly high bill from a doctor.
Fixing the absence of the upper cost bound in the US healthcare sector is the real answer.
TLDR don't blame the concept, fix the broken implementation!
This post was edited by Ashirgo on Mar 19 2024 02:12pm