SAPPORO wrote: ↑Wed Mar 12, 2025 2:33 pm
What you see is not what you get in pharma/insurance industries. They appear to be capitalist but underneath they're actually socialist. A friend of mine had to go on an expensive bimonthly medication that needs to be injected, and it has a list price of around 7K per month. But the pharma company gives them a savings card that knocks his costs all the way down to $0. The pharma company pays the insurance company on behalf of the patient until the annual deductibles are met so that insurance company can pay for it fully after that for the rest of the plan year.
In short, pharma companies throw the baitfish to catch the big fish, and everyone's premiums goes up resulting in the socialized healthcare!
I guess the same "strategy" of paying the all or part of the deductible and having the insurance company pay for the rest, is used by roofers as well.
Same story with Auto Body Repair shops. Anything that insurance touches, it gets expensive.
