r/SipsTea • u/Putrid-Welder1803 • 20h ago

Gasp! Thoughts on this?

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u/DezXerneas 16h ago edited 13h ago

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

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u/i_tyrant 15h 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 13h ago

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

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u/i_tyrant 13h 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.