this post was submitted on 06 Oct 2025
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insurance is a scam. us insurance seems more so.
put that money in a savings account instead. if you are not living in a place where you are forced to get private insurance that is. usians are so ingrained with this insurance thing though.
The problem is insurance inflates the prices of all the things that take insurance so much that you can't afford it without insurance anymore. I could put the money I spend on health insurance every month into savings instead but if something actually happened I'd never be able to afford the bill.
Which is part of why it may feel like a scam, right?
Insurance should in theory be a good thing, but the manner of implementation means that on-paper costs are outrageously high, but yet your insurance company magically gets a 90% discount on everything for being "in network" - which you as an individual who wanted to pay for your own care couldn't benefit from.
It's the very definition of collusion.
Oh yeah I agree it's a scam but I'm just saying we don't really have a choice unless society as a whole buys into the doing a savings account by yourself thing. It's not feasible on an individual level because you won't save enough money to cover a medical issue.
Good recent example from myself. I was hospitalized a few months ago and the attending doctor wanted to do a test outpatient once I was released. At the time I had no insurance, I was in the process of signing up. I was quoted $300 for out of pocket, so I decided to hold off a month until my insurance kicked in. That test was only a $350 copay with insurance.
yes, that's part of the reason why it's a scam.
Never said it wasn't. I'm just saying trying to save on your own will not work under this system.
yea, with healthcare you guys are in way too deep. it's gonna take massive mobilization in the streets. and car insurance is mandatory in the us too, isn't it?
It's mandatory in 49 states.
In New Hampshire it is not, if you 100% own your vehicle and it has no liens or debts tied to it and you have not been arrested (not convicted, but merely arrested) for a DUI.
We also have the cheapest insurance (for the population density of the Northeast - I mean, yeah places like Montana probably are cheaper as they have scant traffic on the roads) because it is NOT mandated, so people can tell the insurers to fuck off it their rates are too high.
(but I gotta be honest on this point if you're uninsured and even if someone else is the cause of an accident and they're insured, you're going to have to lawyer up to get paid for the claim. So just on the lawyer angle, insurance is smart.. Heck, just a liability policy wil cover you. Collision.. Well.. if you're a dolt at the wheel and drive off the road and hit a rock wall... that's on you, otherwise.. get that coverage as well..)
Because of this, NH has some of the highest compliance rates - over 90% of all drivers - in the country.
Isn't a truly free market grand?
Yeah collision insurance is.
We have socialized car insurance here in BC, we all pay to the provincial public crown insurance corporation. If they payout less than they anticipate we get rebate cheques.
The image posted shows the person doesn't understand how insurance works. You don't get your cash back if years u retire with no accidents because the nominal cash paid for somebody else that had a crash.
I had pet insurance because my dog eats things that aren’t food but it tripled in price and I couldn’t afford it anymore especially since it didn’t help with this non-emergency needs so I started putting the money aside in a savings account and it was super useful. I have money set aside for his vet care and it earns interest. Not a lot but I feel comfortable that if he eats something and, we’ll be able to get it taken care of.
I don’t think it’s going to be a good idea for everyone to do it but I do think it is a good strategy in some situations.
I have been putting £60 a month aside for my 2 cats since they were born 14 years ago.
After 12 years, one of the cats got bladder stones. It took some effort to diagnose at first so he had blood tests, urine tests, more extensive blood tests, several vet visits and 2 x-rays. Once diagnosed, surgery was arranged and the stones were removed.
This completely wiped out my cat health fund.
I continued to put the money aside, and then the same cat developed diabetes. So I now have another monthly bill of ~£40 a month for insulin and needles.
My recommendation is to get insurance. Its always a gamble, but that money you spend on insurance could offset 1000's in vet care.
Health insurance in the USA maybe and a couple of other insurances may seem that way. However your private saving can only be so much. Get into an accident in your car - the 10 million in damages is paid by the insurance. Your car is broken afterwards and you manage to cause an accident on your bicycle- the damages is covered by your normal damage insurance. You are injured - the costs are not covered by your insurance. Hence you sue the insurance - your legal insurance covers the six-figure legal fees.
Now I could spin that further without deviating much from reality - even in Europe. Yes technically you're better of saving the money instead of spending it on insurance - that however is a gamble on your bad luck. Great if it works out - there's likely no way you could ever save enough to cover all eventualities
part of why it's a scam tbh. in my country a car accident will never cost six figures because healthcare is public, car parts are not that expensive either. unless it's something really bad or unique.
Yeah, honestly that's just untruthful. Any collision in a modern car needs an entire new front, because of damages to the fragile pedestrian safety systems and the electronics. A new bumper on a 2017 VW is around 1500 Euros painted. Another 1500 for the head lights, the labour cost is obviously country dependent. But even a small accident in a parking lot has damages almost 5 figure high when two modern cars are involved.
When you get into a really bad accident on a highway and dozens of vehicles get damaged, the road is damaged, the cargo of trucks gets damaged etc, you can easily get into the millions if vehicles get totaled or the cargo is expensive. And you car insurance also covers damages to the passengers. If you cripple a child for example, that is at least 10 million in damages, for the pain, the lack of a normal life, the renovation of the hoise of the parents as well as the car, etc.
Damages can become extrodiarinally high, so high in fact that you're better of killing someone im Germany (by accident) than to just cripple them as that is much much more expensive.
you are justifying the scam by how it works in the law of a specific country here
Considering the fact that there are over 30 countries that have a civil code derived from the German one, I assume it's not just one country.
Besides you used health insurance in the USA as the only basis for your argument.
i'm also using car insurance. and not just US health insurance, this is a trend worldwide.
there are more than 100 countries in the planet. you could probably locate the 30 countries you are speaking of mostly in europe.
and if that system was any good, insurance companies wouldn't be one of the most profitable businesses in most of the world.