Re: Insurance hits a new low!!! Long story.

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Posted by steveVa on May 11, 2018 at 18:02:15 [URL] [DELETE] :

In Reply to: Re: Insurance hits a new low!!! Long story. posted by Dean on May 11, 2018 at 11:21:42:

Unfortunately I believe this one boils down to corporate greed and the old adage that "absolute power corrupts absolutely". I was led to believe that Blue Cross would be better then Medicare, but I am learning that Medicare covers more the Blue Cross for the elderly.
I am currently trying to compute the dollar value of someone paying into Blue Cross for 65 ++ years. At a current rate of $1400 per month. That is $16,800 per year. If that figure is the inflation adjusted number then I can just multiply $16,800 X 65 years. So I cannot compound interest. But 16,800 X 65 = $1,092,000.00
So the corporate entity has received over a million in payment value over 65 years and now wants to deny $2500 worth of benefits. Something is wrong here.


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