Inside the Insurance Industry…


Date: July 08, 2009

01) Inside the Insurance Industry


“A former insurance executive comes clean about industry practices designed to kick the sick off the rolls and rip off patients to make obscene profits.”

I just had to bring this issue forward…because, frankly, I see this as one of the primary industries, which is destroying the USA…and no, I do not just mean “health insurance”…

…I mean, “insurance”, in general.

In my opinion, these businesses are amongst the biggest crooks active, today.

Oh fine, sure, yes…

…If you’ve got a lot of money, and you can afford lots of expensive things, which you would want to be reimbursed for should they be damaged or destroyed…I am sure, it is not a big deal, and in that case you should pay up.

…but, for a growing mass of our population, who are scraping everything they have together, just to get by…this is not an easy trade off…They don’t have money, spilling out of their pockets.

Every six months, when my vehicle insurance comes due…I loose in excess, of one weekly paycheck to it…and when you are at my income level, that really hurts.

The elephant in the room [and actually, there are a few of them], is that I have never been involved in any vehicle accident, for which it was my fault…I was just the hapless bozo, who happened to be at “that” spot, at exactly the wrong time. I have an excellent driving record, and that’s not even an issue of debate…Yet, they stick it to me, every six months…and the very first time I made the mistake of filing a claim…BAM!…my premiums shot up, from then on…

All those many, many years of driving and paying them money, without a single claim filed…and the day I finally need them, they decide that, “Okay, just for that, we’re making your insurance premiums, even uglier!”…

This hurts, because they’re bleeding money out of my pocket, when I desperately need to keep it in my own pocket, and put it away for emergencies, maybe investment…or, heck, some weeks, maybe even just to buy food to eat…You feel like, for all the fighting that you do to survive, these businesses are there just to keep pushing you down, and stealing away any ground that you manage to gain.

We have to have vehicle insurance, by law…Which is another elephant in the room, because these companies are riding the gravy train, with clientele who are held hostage to this system. We have to pay out all this money, just so that we don’t get a citation and have our vehicle impounded, should some police officer find out we are driving without insurance. This “transaction”, is literally enforced, by people who carry guns, fine you and seize your property, should you fail to comply…

By my definition, this sounds like coercion, and “agreement” made under duress…

I understand the utility in the concept of insurance, mind you…I just cannot see, why it is allowed to be such an overbearing burden…

…and the thing which truly angers me, is that once you have been bitten…you are extremely reluctant, to ever file a claim with these people again…

All the money you pay it, is essentially being thrown out the window…or flushed down the toilet, because it does absolutely no good for “you”, from the day you pay it, onward.

Not so long ago, my vehicle was vandalized at my place of employment. In spite of the fact that they have insurance for this kind of thing, my employer refused to even discuss this with me (their insurance should have paid it), and I was told to take care of it, through my own insurance company (Yeah, right…Fat chance!). After discussing it with my insurance company, I would have still had to have paid half the costs…which is to say, I might as well have just pulled out my wallet, and made a third, premium payment to them, for the year. Of course, I was very concerned, about what future insurance bills were going to look like, should I file a claim…

…and thus, the kick in the balls here, is that for all the money I’ve paid in…I’m left too scared, to actually file a claim, because I know they are just going to turn around, and sock it to me, later…and I cant afford that.

But, it had to be taken care of, so…I went to a salvage yard, got the part I needed, and had a local body shop paint it, and install it…all for about half, of what I would have paid, had I let the insurance company handle it.

The sick joke in this story, is that I paid all this money to these people…Yet, it was clearly in my better interest, to just “bite the bullet”, and pay for the damages, entirely out of my own pocket…So, what good, did having insurance even do for me, here?

Yes, yes…I know, if I ever ended up in a bad accident, it was my fault, and others were killed, I’d be glad to have the insurance…but, still…It just really grinds me, how the realities of this insurance model, actually do play out, typically.

Now, getting to health insurance in the USA…this is clearly an abomination…

Personally, I am uninsured…but, being a vet, I do get free health care through the veterans administration…The only down side to this, is having to travel so far, in order to experience it…which is a pain.

I’ve been offered health insurance, through my employer…but, this is a small business…and the plan stinks.

I could have given up, one quarter (or more) of my weekly paycheck, which would have been devastating, in itself…just to realize the “benefit”, of still having to pay 40% of all doctor visit charges, and other medical bills…utterly insane, in all honesty.

These companies want you to hand all this money over to them…but, after accepting it, they still want you to bend over, and fork over another quarter (or worse) of your weekly paycheck, should you visit the doctor…It is just atrocious, what is going on…and a lot of people, absolutely cannot afford it…Which is why so many US citizens are uninsured (in, supposedly, the most wealthy nation on earth).

Consequently, whatever medical work I have done locally (ie: dental), I pay for out of my own pocket…because the few hundred dollars this costs me every year, is nowhere near as horrible, as the large bite these insurance companies want to take out of me.

I am not alone in this quandary.

These insurance companies are killing, so many of us…and there has got to be a massive change, in how health care is dealt with.

If it were up to me, insurance on health care, would be done away with completely…and, the health care industry, would take an extreme pay cut.

If health care costs do not come down willingly, then the health care industry is in for a rude awakening, because it will be left with scarcely few clients who can afford it, and making a livelihood out of it will be a thing of the past.

It is hard for me to say this, because I have a strong disdain for the government, and watching yet another realm of our lives fall under it’s control, really leaves me torn…

…but, I do know that profiting, and becoming wealthy, on the “commodity” of sick people, is as treacherous and despicable, as anything can be…

Ones health, should not be held in the balance, of a “for profit” industry…That much is clear to me…

We desperately need, a new approach to health care, in the USA…and, those who are just in it for the profit, have no business making the rules, and forcing the rest of us to live by them…Many of us, will die because of their concern for profits…

I don’t “want”, to see another government entitlement program…

…but, I want to see another system, set up, ran and manipulated by insurance companies, even less.

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