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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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ArishMell · 70-79, M
I don't know about American medical insurance specifically, but all insurance companies are in it for the money and are far keener at taking premiums than settling claims - even allowing for their rightly having to ensure claims are fair and legitimate.

By telephone call, I've just had my home insurance renewal reduced from the wanted a near-£100 increase from last year with no intervening changes or claims - to a more sensible figure.

(I don't pay medical insurance as such because I am an NHS not private-care patient; but when working my National Insurance contributions from my Gross Pay helped pay for everyone's health and welfare, including the State Pensions of those already retired)

"Insuranceology"... I like that term!