Do you think medical insurance is a money-making scheme?

US medical insurance, the ultimate magic show! It's like they play hide and seek with coverage, offer deductibles taller than NBA players, and speak in insurance jargon that's harder to crack than secret codes.

But here's the real kicker: Prior authorization denials are their favorite disappearing act! "Poof! Denied!" Then, "Abracadabra! Approved!" Just when you thought you needed a PhD in insuranceology, they surprise you. It's a wild ride, folks!

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hartfire

All insurance is money-making.
Like gambling, the odds always favour the house.
Except the insurance accountants have the advantage of mass statistics to weight the chances in their favour. The game is rigged; the majority of punters are more likely to lose than win.
Otherwise, the industry wouldn't survive and couldn't list its companies on stock exchanges.

The smarter bet is to live a healthy lifestyle,
and if possible invest savings in something that beats inflation,
to save for a rainy day.

JSul3 · 70-79

@hartfire True. The ultra wealthy don't have health insurance. They pay $$$.