National pension is a ponzi scheme and as our population declines it will be impossible to pay it back.
With private insurance, you are given worse options and they will do anything in their power not to pay it. For the average person, you will also have paid more in the long run with insurance than without it, even if you had an accident.
Chiropractors are harmful for your body even if your issue is spine-related. Go to an orthopedist.
I also just really hate the idea of applying financial logic to something like this. Like, are we just gonna go and label the entire human race as a Ponzi scheme? Grandpa’s not able to pull his weight lately so fuck him? That’s a rhetorical question, obviously. The reality is that old people are going to cost what they cost and everyone else just has to suck it up because the alternative is way uglier.
I love the fact that they just print too! No more “inkjet cleaning test prints”, I’ve saved so much time, money, and frustrating switching to a brother black and white laser printer… For the average (?) “I just need to print official documents” kind of person, it’s a great buy.
Mortgages needing to be renewed every 5 years so that banks can jack the the interest rate. Cap residential mortgages at 25 years max and 2% interest for the duration.
Because it doesn’t matter the company. A bank creates money if you apply for credit. It just have to have a fraction - say 3% - real money to store at a central bank account. Then they literally type the numbers on your account. Money created!
So, for a bank, it doesn’t matter if you apply for 5.10.20 years. They get the interests anyway. May be there is some weird financial acrobatic behind the 5 years target. However, here in Germany it’s pretty common to get a 20 years credit.
Many people lock in interest rates for the life of the loan. Most often 30 years for mortgage loans. You don’t have to renew a mortgage’s interest rate unless you get an adjustable rate one.
This is the main reason why mortgage applications are down significantly right now. People with super low interest rates don’t want to move because they’d have to get a new loan to do so, and interest rates are much higher now. If they stay and they have a fixed-rate loan, nothing changes.
I used to think the same thing but it’s not really a scam. It’s a way to allow low income people to pay less to the government in taxes because they have less to give.
When you move things over to sales tax, high income folks don’t end up paying as much as they could because they don’t spend the money as aggressively, and low income folks can’t afford the bare minimum so you have to either further subsidize them (so you took their money to give back to them?) or deal with the ensuing homeless problem/never ending poverty cycle.
Specifically, compounding interest. I have no problem paying something extra back if I need to borrow a sum of money, but it should be a flat, fixed fee calculated as a percentage of the amount borrowed, up front.
Private health insurance is the biggest fucking scam ever. The private insurance companies benefit by getting the aggregate healthiest population into their plans (working adults). The most likely to be expensive people, i.e. old people (on medicare) or poor people (on medicaid, or not even on an insurance plan) are on government, tax payer insurance plans. There is literally no reason except for corporate profiteering that Medicare should not be expanded to cover all people.
Also all those conversations, especially in the 2020 election period, were totally bullshit. You say something like M4A will cost 44 trillion dollars or whatever, which sounds like an insane amount of money. What is often left out of the discussion is that estimated cost was 1) over 10 years and 2) has to be weighed against the current costs we already pay for insurance. So the deal was very simple: the overall costs would go down because the overall spending would be less, and at the same time millions of people without coverage would be covered, and at the same time you don’t have to contemplate stupid bullshit like in network, out of network providers. Or ever again talk to your insurance about why something is or isn’t covered. Boils my blood when I think too much about this.
Not even gonna weigh in on things like how medicare can’t negotiate prescription drug prices (nytimes.com/…/medicare-drug-price-negotiations-la…), or how dental, vision, and hearing are treated separately from general healthcare, or how med school is prohibitively expensive, or how the residents after med school are overworked because the guy who institutionalize that practice was literally a cokehead. Those are all just bonus topics. The point is we are getting fleeced.
Private insurance (for the average person) in general is dumb. We have a collective need to insure various things against disaster, and realistically the federal government shells out huge amounts for most disasters anyways (after the so called insurance companies go bankrupt).
So why the heck are we paying a premium for all of the overhead of the insurance companies?! It’s this massive inefficient system that doesn’t work, while the “government as insurance” system works great, and doesn’t require nearly as much overhead. There’s no room for private sector insurance to inovate, because there’s nothing to inovate on; IMO, the private insurance industry contributes nothing of value to society except jobs that it pays for by forcing everyone to engage with it.
The insurance industry in general is betting you’ll be fine, and you’re betting “maybe I won’t.” It’s extra bad for medicine because they stick their head even into the small stuff, not just “I need a 10,000 unexpected hospital bill covered.”
Probably gonna anger both sides here, but I see both private insurance and single-payer healthcare as equally-evil scams. Why not focus on driving down costs of healthcare (i.e. EVERYTHING) so that you throw a couple bucks at the receptionist to cover your surgery then check to see if you have enough for a post-surgery soda?
One of the objectives of single-payer is to drive down the costs of healthcare by eliminating the overhead of an insurance bureaucracy. There are other aspects that can be considered like nationalizing hospitals to eliminate private run, for-profit hospitals. People like this en.wikipedia.org/wiki/HCA_Healthcare are just as responsible for the high per-capita costs of healthcare we pay as are the insurance companies. And I agree with you, they shouldn’t be getting a guaranteed government handout.
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