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birb_cromble  2d ago (text post)   674 thread views

Qeekly Finance Thread - 2026-10-24

A weekly thread to discuss financial matters - from personal all the way up to global.

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If you can afford to pay you will pay.

Is that really true? My impression is more like "the bill will eventually be sold to collectors for pennies on the dollar and then you can bargain with them to pay a few more pennies than they paid and it all goes away." Why is that wrong?

Even that's too optimistic. Apparently, you can pay them zero and they have to stop harassing you.

They can reduce the bill but they don't have to, and even if it goes to a debt collecting agency thats going to show up on your credit etc. which if you are a person of wealth can be a problem.

It seems like it's only a problem if you aren't a person of wealth. I have good credit, but unless I'm planning on buying a house I can't see it mattering in the near future.

It's not allowed to go on your credit and as a rich person I have zero need of credit anyway.

Again, it's wrong to not pay and I would never recommend doing that, but the hospital has zero leverage.

I believe it does affect your credit once it goes to collections.

This strategy for dealing with healthcare was has been on Twitter for a while. If people here are talking about dropping health insurance then a spiral on Obamacare seems well underway. The only people that should have insurance are already sick and if the risks pool is 4 sick people for every healthy person than obviously the healthy person is paying way more than the benefit they get.

Yes, and I view it as a personal service to help accelerate the collapse of Obamacare. It's pretty much the only thing I'm an accelerationist about.

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