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| Insurers continue scamming businessowners AROUND THE WORLD! |
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| langwadt:
--- Quote from: NANDBlog on December 20, 2020, 11:05:36 pm --- --- Quote from: Red Squirrel on December 17, 2020, 09:19:17 pm ---Insurance companies seem to hate small business. --- End quote --- Sure they do. With good reason. Something like 80% of small businesses dont survive for 5 years. Who would be crazy to play those odds? --- End quote --- why would an insurance company care if a small business only survives 5 years?, as long as they pay while alive --- Quote from: NANDBlog on December 20, 2020, 11:05:36 pm ---Most of these small business owners have a plan like this: "I like baking cookies, and people like it, so I make a bakery, and people will buy it for like 5 dollars." "Do you know accounting? HR? Do you know the legal requirements? Have you ever worked overtime on your weekend?" "No, but I like cookies" Honestly, Luis is not different. He is constantly ranting about topics, which he has not a single clue how they work. He spent a better half of last year ranting about NY rental market. Until someone explained to him how financing and contracts work. And then he went on a rant: OMG, that's crazy. This is like 95% of his content now. Not worth the time to watch IMHO. --- End quote --- that there's an explanation why it is crazy doesn't make it any less crazy |
| langwadt:
--- Quote from: NiHaoMike on December 20, 2020, 11:37:24 pm --- --- Quote from: tom66 on December 20, 2020, 10:26:16 pm ---What about people who are naturally more exposed to COVID risk. Key workers like supermarket employees, restaurant waiters, parcel delivery drivers, etc. Do they get to pay more too? There isn't a 'market based solution' to a problem like this. --- End quote --- Workers exposed to greater risk at the workplace with no reasonable way to lower the risk any further than it currently is could get lesser deductible increases. --- End quote --- excellent way to pointlessly waste a few billions on bureaucracy and get nothing in return |
| cdev:
People who have higher risk exposure and the older people always have to pay more. Also, the more wealthy your zip code, the less you likely have to pay because wealthy people are healthier. Right now they use zip codes but they would prefer to use your cell phone location data to price your insurance. Also genetics. thats likely going to come back and be used to price your health insurance. They'll figure in what they know (mostly what you have told them, but in some countries they have generations of data on families and relative health) Also if you get COVID-19 you'll likely soon have to pay a lot more for the rest of your life, or accept that nothing related to it is covered at all. --- Quote from: langwadt on December 20, 2020, 11:49:39 pm --- --- Quote from: NiHaoMike on December 20, 2020, 11:37:24 pm --- --- Quote from: tom66 on December 20, 2020, 10:26:16 pm ---What about people who are naturally more exposed to COVID risk. Key workers like supermarket employees, restaurant waiters, parcel delivery drivers, etc. Do they get to pay more too? There isn't a 'market based solution' to a problem like this. --- End quote --- Workers exposed to greater risk at the workplace with no reasonable way to lower the risk any further than it currently is could get lesser deductible increases. --- End quote --- excellent way to pointlessly waste a few billions on bureaucracy and get nothing in return --- End quote --- |
| cdev:
--- Quote from: tom66 on December 20, 2020, 10:26:16 pm ---What about people who are naturally more exposed to COVID risk. Key workers like supermarket employees, restaurant waiters, parcel delivery drivers, etc. Do they get to pay more too? There isn't a 'market based solution' to a problem like this. --- End quote --- Yes, they likely soon will, a lot. That's how insurance works. Here in the US we've had a 10 year reprieve likely because of the 2010 financial crisis. But its ending now. In the UK a similar dynamic will likely require the NHS be shrunk a lot. In both countries people who can afford to buy insurance will have to and gradually the thresholds and the penalties for lying to get insurance you're not entitled to will also increase. People who were not entitled to coverage may have their coverage ended and payments made on their behalf retroactively clawed back to the beginning of the policy and will be rebilled at the uninsured rate. Which is often many times higher, especially in California. See a series by Lisa Girion in the LA Times during the mid to late 2000s, for some horrifying stories. Its called "rescission" or "post claim underwriting" - These are people who are dying of terminal illnesses, usually, who they decide to go after. Of course you will never read anything about that. Its totally twisted how they determine whats done, governments can do a lot less than people think, here in the US we made all sorts of commitments meaning that the WTO is actually who is in charge now. |
| langwadt:
--- Quote from: cdev on December 21, 2020, 02:29:14 am ---People who have higher risk exposure and the older people always have to pay more. Also, the more wealthy your zip code, the less you likely have to pay because wealthy people are healthier. Right now they use zip codes but they would prefer to use your cell phone location data to price your insurance. Also genetics. thats likely going to come back and be used to price your health insurance. They'll figure in what they know (mostly what you have told them, but in some countries they have generations of data on families and relative health) Also if you get COVID-19 you'll likely soon have to pay a lot more for the rest of your life, or accept that nothing related to it is covered at all. --- End quote --- around here health insurance is paid via tax so the wealthy actually pays more ... |
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