Freewill
Platinum Member
- Oct 26, 2011
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Explain why insurance is a big scam. Be specific. Give good examples.
My father fell and had bleeding in his head. He has not been the same since so he moved in with us and I took over paying his bills. One of his bills was for a 5000 dollar life insurance with some cash value. At the time the cash value was around 2300 dollars. He had the policy for well over 10 years at 200.38 dollars a month. Do the math and tell me it ain't a scam. I dropped him from that policy and he has already saved just about the 5000 they were ripping him for. I probably should have said, can be a scam.
I am thinking it doesn't take much of an imagination to think that insurance is a scam when you hear of all the executives becoming millionaires and when you see the building they own and their stock taking off.
Sounds like a good argument for a single payer system, like Medicare.
That is interesting thing to say about medicare. Now I don't yet know a lot about it but I will use my Dad for an example. He has medicare and has an insurance company as I assume part A coverage. He pays SS 100/month the best I can tell an doesn't pay the insurance company a dime. I could be wrong about how much SS takes our for his medical insurance but I can't imagine it is much. Never the less when still dealing with private insurance companies how can it be called single payer?