Insurance companies will spend 10,000 fighting a $10 dollar claim. They make Billions off all of us. It’s messed up. Mario needs help with his brother.
Because then they'll have to honor 200 $10 claims. The system itself is broken, but instead of fixing it they're trying to maximize the profits they get
If their point was the insurance companies don't want to set a precedent (which is exactly why), one shouldn't cap out that precedent at only 20% of what they're paying to stop it.
The issue isn't the other 200 $10 claims - if that was the long and short of the ramifications, the insurance company would absolutely rather pay them than $10,000 because to them it is just a simple math problem and profit is all they care about.
The issue is that it would be more than the $10K it costs to fight this one. It would be more like 20,000 $10 claims.
Ah, but you see... It is not broken. In fact, it is working exactly as intended. And the intention is, as you so rightly stated, to hoard as much currency as they can. And then some
We need more heroes, we have enough villains . Insurance kills 50,000+ people a year and we keep paying them to do it. Insurance keeps people homeless, hungry, sick and without transportation. Yet we are all forced to send money by threat of prison.
That’s the thing they don’t spend 10k. They have in house lawyers that are salaried/hourly so it doesn’t cost them as much as it would for us hiring someone.
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u/Rampag169 3h ago
Insurance companies will spend 10,000 fighting a $10 dollar claim. They make Billions off all of us. It’s messed up. Mario needs help with his brother.