Quote:
Originally Posted by V_RocKs
Since joining Kaiser I have paid about:
$6768
$7680
$8880
$10404
$11028
$13800
---------
$58560
In that amount of time I have used approximately $12,000 of the money.
That leaves $46,000 to be spent on my pre-existing conditions should any come up right? Wrong...
They bank the $46,000 for future problems right? Wrong...
That $46,000 is called profit and they give it to the investors like any other company does.
The current system is complete bullshit. That money should be used like life insurance. It sits there collecting interest to pay for my heart attack or stroke in the future.
There should be a sliding scale. I can elect to allow $2500 a year to go to the company so it can keep more doctors/nurses on call. Expedited service. If it all goes I get to the front of the line and don't have to sit in a fucking waiting room picking up germs from mongrels.
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Insurance is not a savings account. Insurance is the spreading of risk. Some life insurance has a savings feature in addition to the death benefit protection. Compare term to (cash value) whole life in their purest forms. Health insurance more like term life. How about the guy who paid the same in but had a $500,000 claim? The $46,000 is not profit...it goes into the pool. Yes, profits are paid out to the stockholders after claims and administrative costs are covered.