NewCharlesInCharge
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User ID: 89
NewCharlesInCharge
1d ago
You could make a state-funded lender of last resort for such cases.
If you're denied then the state advances the funds at the same cost that would have been charged to the insurance company. The loan becomes non-dischargeable and the state is able to garnish wages and seize assets should it become necessary.
They also assume the right to represent the patient to the insurance company and demand payment. Should the treatment have actually been approved according to the insurance policy, the insurer has some penalty big enough to incentivize them not to play denial games and to keep the lender solvent.
This could lead to interest rates being a function of insurer denial accuracy. If it's very likely the state will recover from insurers, interest rates could be very low. If insurers are exceptionally accurate and you're very unlikely to recover, then insurance rates could approach the same as any unsecured loan for a person of your creditworthiness.
NewCharlesInCharge
3d ago
Young boys also enjoy Bluey.
I would've thought Parliament had enough C.S. Lewis fans to avoid this name.
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