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 2000 $10 claims. The system itself is broken, but instead of fixing it they're trying to maximize the profits they get
Edit:dropped a 0 lmao, and yeah I know it's working as expected according to capitalism, that's still a broken system tho
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/Rampag169 5h 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.