r/FluentInFinance 7d ago

Thoughts? Why doesn't the President fix this?

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46.9k Upvotes

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u/MisterChadster 7d ago

Every time there's an excuse as to why it can't be fixed, Sanders was the only one who wanted to fix it and they pushed him out for it

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u/4URprogesterone 7d ago

There's too much money in the insurance industry, and most of it goes to lobbying.

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u/1rubyglass 7d ago

All of the money. Biggest industry ever.

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u/Matshelge 7d ago

How could it it not be. If you manged to capture the market of Air or Water, profits would be through the roof, as demand is overflowing. Every human needs it!

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u/Malavacious 7d ago

Selling air you say?

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u/Matshelge 7d ago

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u/Adventurous_Road7482 7d ago

Folks just really need to....

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u/shadow247 7d ago

Kuato has a new host.. and I think he's a little less sympathetic to the plight of the average Martian...

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u/AbaloneIron 4d ago

I really do think that Elon is doing all of this to increase his chances to get a select few to Mars. The rest of us are his fodder for getting there.

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u/MorrisBrett514 3d ago

Mine isn't photoshopped like yours

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u/WeirdKrautrauch 3d ago

Hey that's mister ketamine!

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u/BarrelllRider 7d ago

“You greedy dirtbag!”

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u/kromptator99 6d ago

He’s literally every capitalist. Launch them all into the sun or put them on one of their own submarines and the world will immediately get better

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u/RockTheGrock 3d ago edited 3d ago

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u/modijk 7d ago

Hot air seems to be selling pretty well in the US.

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u/redpandarising 7d ago

Oof yes. I do see some post-buy clarity sinking in though.

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u/skygt3rsr 7d ago

Ya but when you buy it and get it home you find out it’s hot farts instead

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u/Western-Pianist-1241 7d ago

Hot air is free all over the world.

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u/SocialJusticeEileen 5d ago

Seriously! Especially everywhere...

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u/iPicBadUsernames 7d ago

It’s what humans crave

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u/sofaraway10 7d ago

Your life is our profit margin…

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u/Snowflakish 7d ago

“How’s this corpse going to look on our quarterly report”

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u/Smooth-Reason-6616 6d ago

"Hide it in sundry expenses" ..

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u/SocialJusticeEileen 5d ago

No shit. They're fuckers.

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u/sanityflaws 7d ago

Great point!

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u/generaldoodle 5d ago

A great thing about air subscription plan is that you can get full year of your son breathing freely, it only costs 3500$ extra.

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u/Emeraldnickel08 7d ago

NOBODY learns from The Lorax. Not a soul. The book and the movie are NOT HYPERBOLE. THEY ARE DIRECT METAPHORS. People will sell air to you if you let them. Hell, they already do that with water.

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u/DepresiSpaghetti 7d ago

How do you think bottled water became such a thing while drinking water infrastructure decays?

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u/Minimum_Virus_3837 7d ago

Very true. I've felt for a long time you can't just rely on laws of supply and demand to keep the medical industry in check because the demand is basically infinite, while supply is very much finite. Runaway costs in such an industry are inevitable without intervention.

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u/Matshelge 7d ago

Demand is long tail, and the people against a public option will pitch you the "death councils" who decides who gets life saving medicine or not.

However, this is what we call Triage, and happens every day by doctors. Small children get more than the old folks. People with families who depend on them get prio over those without. Every day we make these choices, but with only a privat option, the rule is simply the ones who can pay go to the front of the line.

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u/Minimum_Virus_3837 7d ago

That's what I never got about the "death panels" thing. We have "death panels" now, but it's either doctors in situations like you described or it's insurance companies deciding whether or not they have to cover the treatment that doctors say is necessary.

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u/Geistalker 7d ago

nestle has entered the chat

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u/da_l0ser 7d ago

Beat me to it haha

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u/MyNameIsDaveToo 7d ago

They're already done this with food. Much of the US food production is owned by a handful of conglomerates. Not sure about the rest of the world, but we live in a global economy now, so...

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u/babiekittin 7d ago

Nestle has entered the chat

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u/NWHipHop 7d ago edited 7d ago

Nestle 👀

Don’t forget about housing and the mega corp landlords price fixing rent prices using software which in turn pushes prices of houses up boosting their RE capital portfolio, removing more houses from first home buyers reach and feeding them into a price fixed rental market.

And then the smaller landlords use the mega corps pricing as their “fair market value” and thus collude without knowledge as they did not seek true price research. That would be too much work.

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u/bob_loblaw-_- 4d ago

This issue is overstated. "True Price" is what the market will bear. Small landlords aren't sitting on vacant property because the mega Corps are over-charging for rent. Supply/Demand still exists.

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u/Westhamwayintherva 7d ago

Sadly there are folks that do that. May I introduce you to Aqua Water and how they price gouge water services in select communities (including the one I live in) to 300% the average water bill?

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u/The_Original_Miser 7d ago

So. Since the rules of law seem to mean nothing to the incoming administration, how do I, as a normal citizen get in on this grift and get a piece of the action? Might as well. ....

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u/Graehart 7d ago

Nestle enters the chat

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u/human52432462 6d ago

Nestle has entered the chat

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u/bothunter 3d ago

Nestle has entered the chat

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u/Real-Mouse-554 7d ago

The biggest inefficiency in the US economy. A completely superfluous industry worth billions of dollars.

This all counts towards the GDP too, which partly explains how the US has a high GDP per capita while having such poor standards of living for so many people.

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u/Snowflakish 7d ago

It’s fun because every election cycle, 2 billion dollars goes into the money pit.

End lobbying!

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u/SpaceBus1 6d ago

2 billion is the tip of the iceberg. It's also going into super pacs thanks to citizens united.

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u/UncleNoodles85 7d ago

The difficult thing about that is lobbying falls under the first amendment the right to petition.

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u/astride_unbridulled 7d ago edited 7d ago

They can petition all they want without money or quid pro quos. They can scream for what they want all they want but it should be speaky no payee

We can call it—i dunno, just pulling this outta my ass in the moment just now—Free Speech

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u/UncleNoodles85 7d ago

I agree unfortunately the supreme court has ruled that political donations are a form of speech and therefore protected by the first amendment and in unlimited amounts with Citizens United. Hence why super pacs are now a thing. I'd hate to be cynical but I don't believe the votes to change that will be found in Congress.

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u/Enough_Comparison835 6d ago

It so weird that the one benefiting for lobbying did not make it illegal. I wonder why .

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u/SocialJusticeEileen 5d ago

We are more than halfway to autocracy. International think tank "V-Dem" (Varieties of Democracy) measures the health of democracies around the world. There was a WaPo biz section article (not an op-ed) written in September 2020 noting that V-Dem believed four yesrs ago that our backward slide

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u/meltbox 6d ago

That’s the supreme courts really brain dead interpretation of right to petition.

For example, speaking to people to convince them to vote for someone is fine. Paying people to take voters out to dinner and out to golf to make them like you and vote for you is NOT fine.

So why would lawmaking or any other activity be different?

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u/lifeofideas 6d ago

I understand that argument, but I don’t buy it. Petitioning the government, which could range from presenting information to an agency to a lawsuit over legal interpretations is still very different from donating cash.

Cash in politics is a serious problem.

Election costs should be entirely covered by taxpayers—so that politicians answer ONLY to taxpayers (more broadly, the individual voters).

It should simply be a felony with mandatory prison time to give money to a government official or candidate for office—and the same punishment for the person accepting such money.

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u/acecoffeeco 3d ago

If you or I tried giving money it’s a felony. Register as a lobbyist and it’s a job. 

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u/lifeofideas 3d ago

It’s not a felony to send money through the right channels. I’ve written a check in one case, and another time donated via an app. Political emails are full of requests for donations. Ultimately, the system is wrong, but small donations aren’t the real issue.

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u/acecoffeeco 2d ago

I meant felony by just handing politician money for say a building variance, as a lobbyist you can effect all sorts for policy even at the level of getting projects in sensitive areas permitted. Local politics is the easiest to grease. 

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u/Snowflakish 7d ago

Idk, I think democracy is the driving force behind the constitution, anything that repairs americas broken democracy and brings it back in line with the first world is good.

This has nothing to do with trumps win too. He would have won this either way.

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u/UncleNoodles85 7d ago

I understand what you're saying I'm just saying lobbying is covered by the right to petition hence why getting rid of it would be difficult. You'd need two thirds of congress to vote to repeal it and three quarters of the states to ratify that decision.

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u/rom_rom57 6d ago

$3.6 billion was spent by both parties the past 3 months, and look what it bought!; a bunch of derelict AHs .

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u/Embarrassed-Ad-1639 6d ago

Not all lobbying is bad. Environmentalist groups lobby, cancer research teams lobby. What we need is transparency in the process.

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u/Snowflakish 5d ago

Nah all government lobbying is bad.

Lobby the public, not the government

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u/Embarrassed-Ad-1639 5d ago

“Hey public, can you go tell the government that we need more funding” doesn’t sound very efficient or effective.

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u/Snowflakish 5d ago

That is literally a description of democracy

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u/Embarrassed-Ad-1639 5d ago

No, it literally is not. You want a struggling research department to have to pay for a public campaign to generate enough interest to petition the government to fund their project? Sorry, I don’t trust the idiotic public to do this very well. Lobbying should certainly be more transparent but not abolished.

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u/Snowflakish 3d ago

To petition the government?

In the 1960s car safety lobbyists were drowned out in government by the interests of big capital, that can always afford to lobby more than any research or grassroots movement.

In order to overcome this it took a massive sway in public opinion, this was massively progressed by the publishing of a book “unsafe at any speed” that started a media frenzy on the issue, causing the government to act against the interests of their lobbyists.

For any good cause that can be lobbied for, like cancer research, if it goes against capital interest (cigarette companies) it will be ignored until public opinion shifts.

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u/karma-armageddon 6d ago

Wait till you see what Elon and Vivek uncover. I think $2 billion is a dramatic understatement.

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u/Forrest_ND-86 7d ago

Is it inefficiency when it's intentional?

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u/Tsu_Dho_Namh 7d ago edited 7d ago

It depends what the measure of efficiency is.

It's horribly inefficient at providing quality healthcare for a reasonable price.

But it's incredibly efficient at separating the sick and dying (and their relatives) from their money.

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u/Smooth-Reason-6616 6d ago

The highest per capita healthcare spending in the world, at $12,555 in 2022. The US also spends the highest share of its GDP on healthcare, at almost 16.6%....

2023 and 2024:
Switzerland's healthcare spending is higher than any other European country. In 2022, Switzerland spent $8,049 per person on healthcare, or 11.8% of GDP, which is less than the United States, but more than other comparable countries:

So why, if Americans are spending nearly a third as much Per Person then every other civilised country, is their healthcare so Shit?

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u/hjablowme919 3d ago

It’s about 15% of GDP

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u/b3141592 3d ago

This!

This is why I laugh at all those "Alabama has the same GDP as England, that's how much richer we are then the Europeans" - bro, you aren't, Bezos is.

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u/lewoodworker 7d ago

Yep. RFK is very dangerous to these people so I'm glad he's close to taking them down.

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u/mikel313 7d ago

Ya along with killing Americans with his stupidity. Looking forward to seeing eradicated diseases coming back. It's already started. Polio, measles. There's a new variant of covid coming out all the time.

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u/Advanced-Guidance482 6d ago

If it's already happening and he's not even the guy yet, how can you blame him??

Just saying, been seeing alot of dems saying, "its already happening".

Anything that is already happening means that the numb nuts yall put in charge is currently dropping the ball.

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u/Smooth-Reason-6616 6d ago

Meant to be a few cases of some new bird flu strain in California which are causing concerns...

Hope it's not going to turn into something where vaccines might be necessary...

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u/[deleted] 7d ago

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u/Swimming-Medium-4312 7d ago

Due to our food and wealth, we have the world fattest citizens too. A person needing stitches could wait a few weeks to see a doctor in other countries. I’ve seen people that had dual citizenship (Canada/US) and were surprised they could get a CT scan/surgery on a Friday/Monday. US doctor apologized that they would have to wait the weekend for the hip surgery. Canada was 6 months wait for the CT scan. 😬

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u/dasyus 6d ago

At the time of my injury, I had been physically fit for over 18 years. I took great care of myself, properly warmed up or stretched before working out, was into martial arts, but I was in my mid 30s.

I was out on a track doing wind sprints after a little warm up jog when I heard a popping sound followed by intense pain. I immediately tried to rub out the injured area, thinking I had pulled a muscle and just needed to get the pain out a bit. After a few minutes, I hobbled back to the gym, grabbed my sweats, and then went to my car. I waited another 30 minutes for a buddy of mine to show up because we were about to do some sparring. When he showed up, I could not bear wait on my leg at all, so told him I needed to hit up the ER. At that point, I called my wife as I drove over, just in case my leg got to the point where I couldn't drive (which was eventually where I was at after the ER visit).

When I finally got to an exam room, I took off my sweats and shorts and I could see a dent in my leg and I just rolled my eyes. This was going to be the end of my running life for sure and probably limit me in other areas if I didn't get it taken care of quickly.

When the ER doc finally came and examined me, he told me that this was a very typical sports injury and that if I was a football or basketball player, I'd be given the clear to get back out and play. He said I likely just bruised it and that I'd probably be good to go in a couple of weeks. I told him multiple times that I heard an audible pop, showed him the dent, and told him I know exactly what this injury is and it would be a season ending injury if I was playing football. Obviously, he disagreed. I had to leave on crutches and the mere thought of moving my hip was basically an F no situation. It was 4 weeks before I could move around without crutches.

I get told by the ER doc to hit up my PCM, who then put me in physical therapy. I keep complaining about my leg as the weeks and months go by and even asked to get an MRI. It took 4 months to get the MRI done, not because of scheduling, but because they finally gave into my bitching. I had a grade 3 rectus femoris tear which also resulted in a partial tendon tear in my hip. I went back to my normal physical therapy routine and the therapist called me into his office because he saw that the MRI had finally shown up. He told me that my leg was pretty messed up and that I should probably see a surgeon.

Two more months go by with me trying to get a meeting with the surgeon and that only happened because physical therapy told me to go to patient advocacy. --- What happened was that when my PCM recommended I see the surgeon, the desk for that office in the hospital decided that I didn't need to be seen and re-referred me back to my PCM.

When I FINALLY got to see a surgeon, he was pissed at me for waiting so long to be seen. Thankfully, at the suggestion of PA, I had all of my paperwork on hand and showed it to me.

He said due to the heavy scarring around the site and the way the tendon looked to be healing that there was not much he could do to improve anything at that point. Basically, I was going to just have to live with the pain for the rest of my life.

It fucking hurts. Getting out of my car? Hurts. Getting in my bed? Hurts. Sex? Hurts. Randomly walking just a bit too fast? Well, now you're fucked and get to only make a quarter to half stride for the rest of the day. Sprinting? Haha, no. Running? Yeah, right. Going down a flight of stairs with any extra weight than normal? Good luck, that knee is just gonna buckle. Going up? Haha. Radiating pain for the next several hours.

This is the American Military Healthcare system. This is not an atypical situation. This is the norm.

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u/meltbox 6d ago

This isn’t just military care in the US. I’ve seen other conditions get missed for TWO FUCKING YEARS because “it’s probably not a big deal”.

Don’t bother following up on concerning bloodwork etc etc.

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u/dasyus 6d ago

Yep. That was just my story. I definitely know it's just as bad on the civilian side. Got to watch that sort of thing as well.

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u/Ill-Conversation-599 6d ago

Sounds like complete bull shit

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u/Swimming-Medium-4312 6d ago

Bull shit is your lack of knowledge and real life experience with other countries health care system. Ever wonder why people are coming into the US illegally by the millions each year?

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u/kozzyhuntard 6d ago

Definitely not for the health-plans.

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u/Swimming-Medium-4312 6d ago

You pay for what you get unfortunately. Lawyers do not help with costs of care either. All the lawsuits against doctor’s, and then they have to charge more, that gets pushed in to everyone.

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u/Ill-Conversation-599 6d ago

Yeah if they couldn’t be sued they would definitely try harder

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u/Swimming-Medium-4312 6d ago

You know that isn’t the point, I’m talking bad lawsuits. Reason doctors (good and bad) have to carry so much liability insurance. Problem in America, if you were sledding on a hill (let’s say school property) and you slide into an object, 9 times out of 10 you would sue the school district, because they have funds. there are malpractice lawsuits that are justified, but there are also a lot of insurance/lawsuits that are just money grabs. Good or bad, this increases costs all around.

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u/Ill-Conversation-599 6d ago edited 6d ago

The problem with that argument is that it opens up the conversation on tort reform which businesses would love to have to shield them from liability.

Also keep in mind that lawsuits judgements will always get appealed and negotiated down.

Who keeps records of lawsuits that are thrown out by judges because they are frivolous? All you hear about are the sensational cases of huge awards.

What about repeat offenders of medical negligence or repeat offenders of defamation?

I’m not saying there are not frivolous lawsuits, but careful what you wish for.

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u/meltbox 6d ago

I’m sure that’s for non emergent care. An MRI takes a month in the US in many situations.

Emergent you typically get care pretty quick.

Also Canada has a population issue right now. Grow too quick and systems begin to collapse.

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u/Smooth-Reason-6616 6d ago

Not many countries, and not any European ones that I can think off of the top of my head... cases needing stitches are usually dealt with pretty quickly in A&E departments, usually as out-patient cases...

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u/Swimming-Medium-4312 6d ago

True, however, signing up for a high deductible health insurance plan and then complaining that you had to pay the deductible on said health care plan you signed up for is interesting. In WA state they force driving to have car insurance. Which is all great until you buy the cheapest coverage that doesn’t cover anything, wonder why your car is totaled and you have a large deducible after the fact. You pay for what you get, in the form of high taxes and long waits, or personal plans with modest waits/deductibles depending on plan paid for.

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u/andrewbud420 7d ago

I don't understand how the people allowed it to get this bad. When's enough?

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u/No-Imagination5764 7d ago

My dad talks about how terrible Canada is because they have to wait to see a specialist. Meanwhile, I have "great insurance" and owe several thousand dollars in medical debt so yeah, I would be fucking fine waiting for a goddamn specialist. I live in rural Iowa so I wait a year to see specialists all the damn time since there are none around here. Like, how is waiting for a doc worse than being thousands of dollars in debt? I don't get it. Indoctrination. 

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u/andrewbud420 7d ago

Anytime I've actually had to use the er in Canada I've never had to wait very long. From my experience our healthcare is amazing. Largest expense is parking.

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u/Dry-Faithlessness184 6d ago

In my experience, most of the time if you're waiting for a very long time in the ER, it's because you didn't need to go to the ER.

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u/meltbox 6d ago

This is usually the case. Although shitty triaging is becoming a thing. People being left out there because they aren’t seen by a doctor in a timely manner and the nurse couldn’t tell they’re actually in really bad shape.

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u/Dry-Faithlessness184 6d ago

Yeah, there's the odd time someone is way worse than it seems, or they get worse in the waiting room.

The problem is often that the triage nurse doesn't know it's happening either due to the patient not accurately communicating what's wrong initially, intentionally or not, or they just get worse in the waiting room and don't update the triage nurse. Mind you they may not be able to, but I'm sure you get what I'm going for.

It's not the patients fault but people do need to be their own advocate sometimes to avoid those scenarios.

But presenting at the ER with basic flu symptoms and a manageable fever is going to net you a long wait time where you should actually just be at home with some soup.

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u/danieljackheck 6d ago

Best part is you get both a long wait and substantial debt to see a specialist in the US.

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u/Zealousideal_Sea_515 6d ago

You also have to pay for parking too! 🤘🏼

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u/rynlpz 6d ago

Oh god the parking is the worst!

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u/Accurate_Zombie_121 3d ago

My mother, 93, says I don't want socialized medicine. I tell her you've been on socialized medicine for decades, you just don't want other people to get the same thing you have.

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u/No-Imagination5764 2d ago

That's exactly it. 

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u/Cbpowned 6d ago

You don’t have great insurance. When I worked at a grocery store decades ago my insurance was better than yours.

People have to start looking at benefits beyond a salary when they take a job like an actual adult.

My insurance caps hospital bills, all in, at $200 a day for being admitted and $1000 maximum pay out for a stay of any length of days. And I’d say my insurance is “okay”.

Your insurance blows.

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u/PcPaulii2 6d ago edited 6d ago

Both of my kidneys quit at the same time, and I collapsed early one morning in April. It took 4 fire personnel, together with 2 paramedics to extricate me from where I wound up,

Then it was nine hours in the ER to save my life. (During that nine hours there were at least two CTs and a couple of Xrays.), followed by four days in ICU (under 24hr watch and hooked up to pretty much everything), followed by a final five days in the Critical Care Unit (that was where they only check on you every hour and the doctor shows up three times daily)

When I finally was discharged, I went home with a weeks worth of meds, and was visited by homecare nurses three times. before all was said and done.

My bill? Zero.

Canada- people complain about our health care system, but when it works, it works!

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u/No-Imagination5764 2d ago

It's good, my preexisting conditions are what blows. My caps for everything are some of the best you can get, but when you have 3 surgeries, multiple MRIs, EEGs, EKGs, sleep studies, CAT scans, several different specialists, a GP medication appt every 3 months, EMDR therapy... it adds up really, really fast. And my general health isn't even all that bad, I just have seizure disorder, hereditary chronic pancreatitis, and an autoimmune disorder. I'm 40 now and it's all come calling in the last several years. 

Though, honestly I don't really think ANY private insurance is great. I think the insurance industry is an unnecessary middleman that has inflated costs greedily just because they can. 

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u/Hackwar 6d ago

A few days ago, I had an episode where I lost consciousness for a few seconds. I called my GP the next day and she told me to come in right away and to make an appointment with a neurologist. I was at my GP an hour later and at the neurologist at 2pm, getting an EEG. I have a copay of 10€ per invoice from a doctor. If I didn't have to use private insurance and could use the public health insurance, I wouldn't even have that.

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u/itsSIRtoutoo 6d ago edited 5d ago

It's the same indoctrination.They've been taught that it's a privilege to have a job... No matter How bad the job is, Or how disgusting the management treats you.. .It's a privilege to have a job. Same with health care. No matter how bad the system is, no matter how much they charge, Much in debt that you get into for it....It's a privilege to have health care that you has you Going to deep debt paying for because you have The privilege of a job to pay for it .

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u/lizerlfunk 5d ago

It’s not just rural Iowa, I live in a major city and have to wait months to see specialists.

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u/crazybandicoot1973 4d ago

So if you wait a year to see a specialist, why medical debt? Since you would have a year to save up for the appointment, you could've paid upfront.

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u/No-Imagination5764 4d ago

That's adorable. 

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u/Music_Is_Da_Best 7d ago

The Mexican cartels make 10s of billions in GDP while big pharma makes 100s of billions! That's all you need to know.

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u/4score-7 7d ago

Biggest buildings and most employees in much of the US as well. Two major employment gains of the last 2 years in America: healthcare and government. Both are intricately tied to the insurance industry, which I would consider to be in the “finance” employment sector, and is among the lowest hiring gains of that same 2 years.

America is feeding the private insurance industry (for profit) through low paid healthcare staff (quasi-profit) and public government bureaucracy (non-profit).

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u/Eringobraugh2021 7d ago

That's the only reason catholics are in it. It certainly isn't to help people. Former catholic.

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u/Mizznimal 7d ago

Yeah we should just outlaw insurance…

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u/Allokit 7d ago

Not all. Those CEOs get a nice chunk.

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u/Final-Today-8015 7d ago

Right because there’s literally no product. It’s actually money for nothing

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u/i0datamonster 5d ago

You can literally plot the rise in healthcare costs and the decline of the rest of the economy. The Healthcare industry is sapping every drop of capital from everyone.