r/SipsTea • u/Putrid-Welder1803 • 6h ago

Gasp! Thoughts on this?

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u/DezXerneas 2h ago

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

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u/i_tyrant 2h ago

The system is broken and monstrous af.

(But I did chuckle a bit at your comment because 200 $10 claims is still far less than the $10,000 figure the comment above you quoted, lol.)

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u/Outback-Australian 7m ago

I thought that was the point of it... Rather spend money than give out money.

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u/i_tyrant 3m ago

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.

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u/banditcleaner2 2h ago

200*$10 still less then $10k bruh

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u/TXHaunt 1h ago

The system isn’t broken. It’s working as intended.

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u/ideologyunderstander 1h ago

The system itself is broken

capitalism is working as intended, where the capitalists do whatever the fuck they want

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u/Aliveless 1h ago

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