this post was submitted on 13 Jan 2026
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[–] femtek@lemmy.blahaj.zone 4 points 2 months ago (1 children)
[–] null@piefed.nullspace.lol -2 points 2 months ago (1 children)

What else would I be talking about?

[–] femtek@lemmy.blahaj.zone 4 points 2 months ago (1 children)

They do the same math fraud that movie producers do as well as 20% is a lot of profit.

[–] null@piefed.nullspace.lol -3 points 2 months ago (1 children)

Hold up, you told me the law doesn't even exist...

[–] SpaceNoodle@lemmy.world 4 points 2 months ago (1 children)

We told you there's no law that dictates a rebate for all unspent money. Even if they follow the 80/20 law to the letter, they're still going to try to maximize profit, and would strive to spend not a single cent over that 80%.

[–] null@piefed.nullspace.lol -1 points 2 months ago (1 children)

We told you there’s no law that dictates a rebate for all unspent money.

Yes I know you all told me that, which is why I said I was baffled at how many of you tried to answer the question without knowing the basic subject matter.

[–] SpaceNoodle@lemmy.world 4 points 2 months ago (1 children)

Show us that law, then. Show us where they have to rebate us all of our premiums and take in zero profits.

[–] null@piefed.nullspace.lol -3 points 2 months ago* (last edited 2 months ago) (2 children)

This is actually wild...

Just scroll up this exact thread a bit and open the link that femtek posted.

How did you even get to this point of the thread without seeing it...?

You even told me I was hallucinating it before but stopped replying there.

[–] femtek@lemmy.blahaj.zone 4 points 2 months ago (1 children)

There is only a rebate if the government can prove they spent less than 80% or payments and more than 20% on management. They will still deny coverage so they make more money.

[–] null@piefed.nullspace.lol -2 points 2 months ago (1 children)

The claim is that they use the DDD tactic to legally game the system and make more money. You're making a claim about fraud. These are vastly different topics.

[–] SpaceNoodle@lemmy.world 2 points 2 months ago (1 children)
[–] null@piefed.nullspace.lol -2 points 2 months ago (1 children)
[–] SpaceNoodle@lemmy.world 3 points 2 months ago (1 children)

It's not legal, it's just set up so it's nearly impossible to prove.

[–] null@piefed.nullspace.lol -2 points 2 months ago (1 children)
[–] SpaceNoodle@lemmy.world 4 points 2 months ago (1 children)

You want sources for malpractice, practicing medicine without a license, and breach of contract?

[–] null@piefed.nullspace.lol -1 points 2 months ago* (last edited 2 months ago) (1 children)

No, for denying, defending, or delaying claims being inherently fraudulent acts, under the law.

I'm just curious if you even have any though. It's okay if you don't, we can just grant you that for the sake of the discussion and move on to the actual question:

How does that type of fraud change the math for* revenue with respect to premiums premiums vs healthcare spend?

[–] SpaceNoodle@lemmy.world 2 points 2 months ago (1 children)

It doesn't, it's just fraud. Go ahead and look up the relevant laws for the illegal actions I listed.

They use those tactics to avoid shelling out money that they're supposed to.

I can only assume that you're just being obtuse at this point.

[–] null@piefed.nullspace.lol -1 points 2 months ago

They use those tactics to avoid shelling out money that they’re supposed to.

But how?

a = Premiums
b = Healthcare spend
c = Rebates
d = Revenue

b + c = (a x 0.8)

d = a - (b + c)
d = a - (a x 0.8)
d = a x 0.2

Therefore, no matter how much you drop b, d is still always going to be 20% of a.

Where does the extra amount in d come from?

[–] SpaceNoodle@lemmy.world 3 points 2 months ago (1 children)

You've got so many splintered threads going, you can't keep track of then all.

I never told you that you were hallucinating. You said that yourself.

I saw the link. It doesn't outline a law that does what you're stating. Try again.

[–] null@piefed.nullspace.lol -1 points 2 months ago* (last edited 2 months ago) (1 children)

I never told you that you were hallucinating. You said that yourself.

Oh, I assumed that's what you were getting at when you were telling me that Obamacare isn't real.

I saw the link. It doesn’t outline a law that does what you’re stating. Try again.

Is this not what I was stating?

The 80/20 Rule generally requires insurance companies to spend at least 80% of the money they take in from premiums on health care costs and quality improvement activities. The other 20% can go to administrative, overhead, and marketing costs.

The 80/20 rule is sometimes known as Medical Loss Ratio, or MLR. If an insurance company uses 80 cents out of every premium dollar to pay for your medical claims and activities that improve the quality of care, the company has a Medical Loss Ratio of 80%.

Insurance companies selling to large groups (usually more than 50 employees) must spend at least 85% of premiums on care and quality improvement.

If your insurance company doesn’t meet these requirements, you’ll get a rebate on part of the premium that you paid.

[–] SpaceNoodle@lemmy.world 2 points 2 months ago (1 children)

Nope. Maybe you hallucinated that.

Did you even read what you copied? That's not all of the money. They're still clearly able to profit.

[–] null@piefed.nullspace.lol -1 points 2 months ago (1 children)

When did I say they pay out "all of the money"?

[–] SpaceNoodle@lemmy.world 2 points 2 months ago* (last edited 2 months ago) (1 children)
[–] null@piefed.nullspace.lol -1 points 2 months ago (1 children)
[–] SpaceNoodle@lemmy.world 2 points 2 months ago (2 children)
[–] null@piefed.nullspace.lol -1 points 2 months ago

Just gonna accuse me of lying and then go silent, huh?

[–] null@piefed.nullspace.lol -1 points 2 months ago

How can I link you to something I don't believe I said?