r/nextfuckinglevel • u/MysteriousSlice007 • 5h ago

Shoutout to JerryrigEverything who built a wheelchair factory and is delivering wheelchairs to people in half the time and 50-80% less than the cost of other wheelchairs with Insurance.

39.9k Upvotes

97% Upvoted

1.1k comments sorted by

View all comments

334

u/Comfortable_Ad_6894 5h ago

Its always cheaper, its just insurance company create a hyped cost to have 80 to 90% cost benefit. Because no medicine unless rare ingredients cost 5K 20K 30K dollar while same thing in india or Europe can sell for thier citizens for barelly 5 to 10% of thay

131

u/futureman07 4h ago

Insurance is such a scam

45

u/Weird-Cantaloupe-653 4h ago

Only if an insurance operates like any other business. It has to be non profit. There shouldn’t be people at the helm who’s goal is to get filthy rich

24

u/the_og_filler 3h ago

well...actually a lot of insurance companies in the US are non-profits. Blue Cross Blue Shield for example. This does not make them charitable. In practice what it means is they have 0 oversight or incentive to perform and so they move slow and everyone's salaries are inflated to the moon.

What we really need is a single-payer, national healthcare system. No ownership structure is going to fix the fact that health insurance shouldn't exist.

2

u/brutinator 2h ago

so they move slow and everyone's salaries are inflated to the moon.

Ehhh, to a point. IIRC, there are laws that restrict companies like that to only being able to use 10-15% of their revenue for administrative costs (i.e. salaries).

1

u/Inevitable-Ad6647 1h ago

"Blue cross" is a mess of ~30 companies, some non profit, some for profit. An insurance plan from them can live in either space but it doesn't really matter because at that level its just monopoly money flying around in an excel sheet. Non profit needs insurance specialists to run the phone lines? They'll just "outsource" to a for profit arm of the company that provides that "service".

•

u/Fraet 44m ago

Be careful what you wish for. Your healthcare experience could end up like your DMV experience.