6102 () posted 103 days ago by This_Is_TDWin 103 days ago by This_Is_TDWin +6104 / -2 205 comments share 205 comments share save hide report block hide child comments Comments (205) sorted by: top new old worst You're viewing a single comment thread. View all comments, or full comment thread. ▲ 54 ▼ – Sumarongi 54 points 103 days ago +54 / -0 It’s even more than that. Bottle of aspirin costs the store(hospital) $10 Hospital bills insurance $1000 for bottle of Aspirin Insurance pays hospital $100 for bottle of Aspirin, charges customer $400 ‘co-pay’ Hospital takes ‘loss’ of $900 on accounting and taxes (but in reality made 90$ tax free, 90% profit) Insurance makes $300 risk free premium off customer co-pay This is the modern medical insurance fraud permalink save report block reply ▲ 21 ▼ – deleted 21 points 103 days ago +21 / -0 ▲ 13 ▼ – MoldyLocksNesMonste 13 points 103 days ago +13 / -0 Then 0 came along and made it if you didn't buy into the scam, you'd be penalized on your taxes. permalink parent save report block reply ▲ 8 ▼ – paganbutterchurner 8 points 103 days ago +8 / -0 Damn. Sexy break down of the issue. Thank you , makes sense to a lay person like me. permalink parent save report block reply ▲ 4 ▼ – Thump99WudLegPede 4 points 103 days ago +4 / -0 Thank you! I recognized a game of 3 card monty when I saw it, but didn't know the basics of how it was done. permalink parent save report block reply ▲ 1 ▼ – Phil_DeGraves 1 point 103 days ago +1 / -0 Awesome synopsis, thanks. permalink parent save report block reply
It’s even more than that.
Bottle of aspirin costs the store(hospital) $10
Hospital bills insurance $1000 for bottle of Aspirin
Insurance pays hospital $100 for bottle of Aspirin, charges customer $400 ‘co-pay’
Hospital takes ‘loss’ of $900 on accounting and taxes (but in reality made 90$ tax free, 90% profit)
Insurance makes $300 risk free premium off customer co-pay
This is the modern medical insurance fraud
Then 0 came along and made it if you didn't buy into the scam, you'd be penalized on your taxes.
Damn. Sexy break down of the issue. Thank you , makes sense to a lay person like me.
Thank you! I recognized a game of 3 card monty when I saw it, but didn't know the basics of how it was done.
Awesome synopsis, thanks.