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Berkshire Hathaway when asked about how autonomous driving will affect their auto insurance business GEICO Ajit Jain: most of the insurance that is bought today revolves around operator errors; in the future, most will instead revolve around product liability Warren Buffett: It's a problem but that's what makes my... show more

Jacob Hilton

9,456 subscribers

141,916 Aufrufe • vor 1 Jahr •via X (Twitter)

Finanzen Wissenschaft & Technologie Autos & Fahrzeuge

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11 Kommentare

Profilbild von Bisla

Bislavor 1 Jahr

I love how warren buffet always has a positive mindset even when it's something that cannibalizes his business.

Profilbild von The Liberation Project

The Liberation Projectvor 1 Jahr

𝐀 𝐇𝐞𝐚𝐥𝐭𝐡 𝐈𝐧𝐬𝐮𝐫𝐚𝐧𝐜𝐞 𝐂𝐄𝐎 𝐢𝐬 𝐍𝐨𝐭 𝐓𝐡𝐞 ‘𝑾𝒐𝒓𝒌𝒊𝒏𝒈 𝑪𝒍𝒂𝒔𝒔 𝑯𝒆𝒓𝒐’ Americans of all political affiliation suddenly woke up realize they agree that their healthcare system is inherently cruel and produces unnecessary misery. ★ NEW ARTICLE ⬇️

Profilbild von marckocher

marckochervor 1 Jahr

Municipalities that rely on revenue from traffic violations will also be impacted. Autonomous vehicles will obey traffic laws. Also, likely a huge drop in parking meter revenue when driverless cars take more of a share of the miles driven.

Profilbild von Brandon 🇺🇸

Brandon 🇺🇸vor 1 Jahr

There will be no product liability. Cant wait till these mob corporations go down

Profilbild von Yoshii

Yoshiivor 1 Jahr

The human factor in the ride-hailing industry seems to be the most expensive element in the profitability equation. But as my elderly relatives asked during our AV future discussion: “Who’s going to load my luggage into the trunk when it picks me up from the airport?” @Tesla_Optimus

Profilbild von Freedom 44

Freedom 44vor 1 Jahr

Tesla will handle all claims directly for Robotaxi rides. There is no insurance.

Profilbild von Thomas_Aquinas

Thomas_Aquinasvor 1 Jahr

FSD will replace your insurance and cost the same, or less.

Profilbild von median_

median_vor 1 Jahr

From auto insurance to total human annihilation back to auto insurance in 3 minutes

Profilbild von Jacob

Jacobvor 1 Jahr

😂

Profilbild von wdlphd

wdlphdvor 1 Jahr

Basically we won't be charging you less...we most likely will be charging you more 🖕

Profilbild von Dr. Onkeymayuttbay

Dr. Onkeymayuttbayvor 1 Jahr

I want a deduction for having and using FSD 💯 of the time. But no, I think I pay more for having the safest car in the world.

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Warren Buffett: "A batting average that does not include the cost of capital is a phony batting average." "We believe in managers knowing that money costs money. Generally, my experience in business is that most managers, when using their own money, understand that money costs money — but sometimes managers, when using other people's money, start thinking of it like free money. And that's a habit we don't want to encourage around Berkshire."

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Warren Buffett bought a dying textile mill out of pure spite. It became a $1 TRILLION company. He still calls it the dumbest decision of his career. > In 1962 Buffett was running a small investment partnership called Buffett Partnership Ltd > He spotted Berkshire Hathaway a failing textile mill in Massachusetts. > Every time the mill closed a factory they bought back their own shares at a small premium. > Buffett kept buying shares and flipping them back for a tiny profit. > In 1964 CEO Seabury Stanton shook hands with Buffett and verbally agreed to buy his shares at $11.50 each. > When the written offer arrived it said $11.375 exactly 12.5 cents less than agreed. > Buffett wrote later that he felt "chiseled". > Instead of selling he went and bought every single share he could find. > By May 1965 Buffett Partnership had taken control of Berkshire Hathaway. > He fired Stanton on the spot. > He had just spent $14 MILLION buying a dying textile business out of pure spite. > For years it earned almost nothing. > His partner Charlie Munger told him from day one it was a catastrophic mistake. > Buffett ignored him, then he started using Berkshire as a shell to buy insurance companies and invest the premiums. > That single pivot triggered entirely by anger over 12.5 CENTS built one of the greatest investment empires in history. > Berkshire Hathaway is now worth over $1 TRILLION. > It holds $325 BILLION in cash alone more than the GDP of most countries. > Buffett retired as CEO on December 31 2025 at age 95 after 60 years. > In a 2010 CNBC interview he called Berkshire "the dumbest stock I ever bought". > He estimated his anger over 12.5 cents cost him $200 BILLION in lost compounding. > His net worth today is $150 BILLION almost entirely from the company he bought out of spite. The most expensive argument in business history started with 12.5 cents.

Warren Buffett bought a dying textile mill out of pure spite. It became a $1 TRILLION company. He still calls it the dumbest decision of his career. > In 1962 Buffett was running a small investment partnership called Buffett Partnership Ltd > He spotted Berkshire Hathaway a failing textile mill in Massachusetts. > Every time the mill closed a factory they bought back their own shares at a small premium. > Buffett kept buying shares and flipping them back for a tiny profit. > In 1964 CEO Seabury Stanton shook hands with Buffett and verbally agreed to buy his shares at $11.50 each. > When the written offer arrived it said $11.375 exactly 12.5 cents less than agreed. > Buffett wrote later that he felt "chiseled". > Instead of selling he went and bought every single share he could find. > By May 1965 Buffett Partnership had taken control of Berkshire Hathaway. > He fired Stanton on the spot. > He had just spent $14 MILLION buying a dying textile business out of pure spite. > For years it earned almost nothing. > His partner Charlie Munger told him from day one it was a catastrophic mistake. > Buffett ignored him, then he started using Berkshire as a shell to buy insurance companies and invest the premiums. > That single pivot triggered entirely by anger over 12.5 CENTS built one of the greatest investment empires in history. > Berkshire Hathaway is now worth over $1 TRILLION. > It holds $325 BILLION in cash alone more than the GDP of most countries. > Buffett retired as CEO on December 31 2025 at age 95 after 60 years. > In a 2010 CNBC interview he called Berkshire "the dumbest stock I ever bought". > He estimated his anger over 12.5 cents cost him $200 BILLION in lost compounding. > His net worth today is $150 BILLION almost entirely from the company he bought out of spite. The most expensive argument in business history started with 12.5 cents.

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We asked Morgan Housel about his biggest lessons from Warren Buffett. "Buffett made his first investment before Pearl Harbor. He's been a good investor for 80 years, that's 99% of why he's been successful." "If Buffett retired at age 60, you would've never heard of the guy." "The key lesson is to stick around long enough to let compounding actually work in your favor. That's my most pertinent takeaway from Buffett."

We asked Morgan Housel about his biggest lessons from Warren Buffett. "Buffett made his first investment before Pearl Harbor. He's been a good investor for 80 years, that's 99% of why he's been successful." "If Buffett retired at age 60, you would've never heard of the guy." "The key lesson is to stick around long enough to let compounding actually work in your favor. That's my most pertinent takeaway from Buffett."

TBPN

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"If something is not done with the prices that keep going up in Canada" "I will be on the streets" "I will be on the streets next week panhandling for some change" "It's comical how our wages aren't going up, but the PRICE of everything around us is SKYROCKETING" "Groceries are now like triple the price" "We have the most expensive gas prices in the world" "We have the most expensive car insurance in the world" 🚨🚨🚨

"If something is not done with the prices that keep going up in Canada" "I will be on the streets" "I will be on the streets next week panhandling for some change" "It's comical how our wages aren't going up, but the PRICE of everything around us is SKYROCKETING" "Groceries are now like triple the price" "We have the most expensive gas prices in the world" "We have the most expensive car insurance in the world" 🚨🚨🚨

Wall Street Mav

2,019,173 Aufrufe • vor 2 Jahren

Warren Buffett was asked what he means when he says he doesn’t understand a business. His answer: “It’s not a question of understanding the product. It’s the predictability of the economics of the situation 10 years out — and that’s our problem.” ___ Buffett isn’t saying he can’t understand what a business does. He understands steel. He understands homebuilding. The product, the distribution, the customers — that’s the easy part. What he’s asking is something far more demanding: can I predict the economics of this business with reasonable confidence a decade from now? That’s an entirely different question and why most businesses fall under the “too-hard” pile for Buffett. Here’s an exercise worth trying the next time you’re reviewing a stock: Take a blank piece of paper. No spreadsheet. No model. Just write out your best estimates of what revenues, free cash flow, and earnings will look like over the next five years. Then calculate what you’re paying for the entire business today — and ask yourself honestly whether you’re being well compensated for that ownership. Your estimates will likely be off. That’s fine. That’s not the point. The point is to notice which businesses you can make confident assumptions about five years out — and which ones leave you staring at a “confused page”. That gap in confidence is exactly what Buffett is talking about. You can see an example of how to do this in Rose Celine Investments 🌹 post on $DLO ___ 🎙️ Berkshire 2000 Annual Meeting | CNBC Warren Buffett Archive (04/29/2000)

Warren Buffett was asked what he means when he says he doesn’t understand a business. His answer: “It’s not a question of understanding the product. It’s the predictability of the economics of the situation 10 years out — and that’s our problem.” _ Buffett isn’t saying he can’t understand what a business does. He understands steel. He understands homebuilding. The product, the distribution, the customers — that’s the easy part. What he’s asking is something far more demanding: can I predict the economics of this business with reasonable confidence a decade from now? That’s an entirely different question and why most businesses fall under the “too-hard” pile for Buffett. Here’s an exercise worth trying the next time you’re reviewing a stock: Take a blank piece of paper. No spreadsheet. No model. Just write out your best estimates of what revenues, free cash flow, and earnings will look like over the next five years. Then calculate what you’re paying for the entire business today — and ask yourself honestly whether you’re being well compensated for that ownership. Your estimates will likely be off. That’s fine. That’s not the point. The point is to notice which businesses you can make confident assumptions about five years out — and which ones leave you staring at a “confused page”. That gap in confidence is exactly what Buffett is talking about. You can see an example of how to do this in Rose Celine Investments 🌹 post on $DLO _ 🎙️ Berkshire 2000 Annual Meeting | CNBC Warren Buffett Archive (04/29/2000)

Dimitry Nakhla | Babylon Capital®

42,278 Aufrufe • vor 2 Monaten

Bill Ackman is quietly building the next Berkshire Hathaway In a recent interview, he laid out how he plans to deliver 20%+ returns - using Warren Buffett’s blueprint Here’s how he’s doing it: "So our day job, as a firm, is buying minority stakes in companies and helping make them more successful. We like to own them for long periods of time — typically 2%, 5%, or 10% positions. While we don’t have control, we’re often influential shareholders. I’ve always admired Mr. Buffett. If you look at his history: in 1955, he started a small partnership. By 1962, he began buying into a struggling textile company because it was cheap. By 1968, he had control — but of a not-so-great business. He eventually wound down his hedge fund, tired of the volatility of outside capital, and shifted to building a permanent capital vehicle. Buffett was essentially an activist hedge fund manager early on. He took control of Berkshire, bought an insurance company and a bank, and over time built what’s now a trillion-dollar business. He’s been an unofficial mentor of mine. In our case, we own 47% of Howard Hughes Corp — a very different kind of public company. It builds and owns cities. It’s underappreciated by the market and, like early Berkshire, trades cheaply. We’re also in the process of either buying or building an insurance company. The goal is long-term compounding by owning businesses, not just stocks. The insurance company will hold stock investments, much like Berkshire does. What’s unique about Berkshire is that it combines a world-class insurance operation with a high-performing investment arm. Most insurance companies focus only on underwriting. Most investment firms only manage capital. Berkshire does both. And the structure matters. A standalone insurance company faces tighter investment regulations. But if it's owned by a well-capitalized holding company, you get more flexibility. Rating agencies care more about the parent company's strength than just capital levels. Credit ratings are critical — no one buys insurance from a poorly rated firm. Buffett's insurance companies benefit from being owned by a diversified, non-insurance parent with strong credit and low leverage. That gives him more freedom to invest insurance assets in equities — not just bonds. Our plan is similar. Pershing Square is very well-capitalized, with ~$30 billion in assets. That supports our 47% stake in Howard Hughes. HHC benefits from having a financially strong parent. It’s already a solid business, with about $5 billion in equity. We’ve also started an insurance subsidiary within HHC. Thanks to the structure, we’ll have similar investment flexibility as Berkshire — using insurance float to compound returns. Pershing Square has compounded at ~23% annually over 21 years (pre-fees). Since we raised permanent capital, returns have been ~27–28% over the last eight years. So the business model is this: Use a profitable insurance company to generate low-cost liabilities Invest those assets at high returns Compound capital over the long term That’s the blueprint — and we’re using Howard Hughes to follow it."

Bill Ackman is quietly building the next Berkshire Hathaway In a recent interview, he laid out how he plans to deliver 20%+ returns - using Warren Buffett’s blueprint Here’s how he’s doing it: "So our day job, as a firm, is buying minority stakes in companies and helping make them more successful. We like to own them for long periods of time — typically 2%, 5%, or 10% positions. While we don’t have control, we’re often influential shareholders. I’ve always admired Mr. Buffett. If you look at his history: in 1955, he started a small partnership. By 1962, he began buying into a struggling textile company because it was cheap. By 1968, he had control — but of a not-so-great business. He eventually wound down his hedge fund, tired of the volatility of outside capital, and shifted to building a permanent capital vehicle. Buffett was essentially an activist hedge fund manager early on. He took control of Berkshire, bought an insurance company and a bank, and over time built what’s now a trillion-dollar business. He’s been an unofficial mentor of mine. In our case, we own 47% of Howard Hughes Corp — a very different kind of public company. It builds and owns cities. It’s underappreciated by the market and, like early Berkshire, trades cheaply. We’re also in the process of either buying or building an insurance company. The goal is long-term compounding by owning businesses, not just stocks. The insurance company will hold stock investments, much like Berkshire does. What’s unique about Berkshire is that it combines a world-class insurance operation with a high-performing investment arm. Most insurance companies focus only on underwriting. Most investment firms only manage capital. Berkshire does both. And the structure matters. A standalone insurance company faces tighter investment regulations. But if it's owned by a well-capitalized holding company, you get more flexibility. Rating agencies care more about the parent company's strength than just capital levels. Credit ratings are critical — no one buys insurance from a poorly rated firm. Buffett's insurance companies benefit from being owned by a diversified, non-insurance parent with strong credit and low leverage. That gives him more freedom to invest insurance assets in equities — not just bonds. Our plan is similar. Pershing Square is very well-capitalized, with ~$30 billion in assets. That supports our 47% stake in Howard Hughes. HHC benefits from having a financially strong parent. It’s already a solid business, with about $5 billion in equity. We’ve also started an insurance subsidiary within HHC. Thanks to the structure, we’ll have similar investment flexibility as Berkshire — using insurance float to compound returns. Pershing Square has compounded at ~23% annually over 21 years (pre-fees). Since we raised permanent capital, returns have been ~27–28% over the last eight years. So the business model is this: Use a profitable insurance company to generate low-cost liabilities Invest those assets at high returns Compound capital over the long term That’s the blueprint — and we’re using Howard Hughes to follow it."

Triple Net Investor

103,422 Aufrufe • vor 1 Jahr

Bill Ackman is openly trying to build the next Berkshire Hathaway and explained the entire playbook on All-In. It starts with a 4 billion dollar company nobody on Wall Street cares about. The company is Howard Hughes. It trades at 60 cents on the dollar. Here is the playbook he is copying. Someone went back and read every filing Warren Buffett made over 60 years. Almost all of Berkshire's value came from one thing nobody talks about. Insurance. Buffett ran an insurance company. You collect premiums today in exchange for paying claims later. That means you get money up front. Float. Most insurers obsess over the liability side. How much they might have to pay out. Buffett did the opposite. He took that float and invested it. Manage both sides well and you build a compounding, tax-efficient machine that runs for decades. So why hasn't everyone copied it? Because the people great at investing go work for hedge funds. Insurance companies can't recruit them. Buffett owned half his company and happened to be the best investor alive. Ackman is now running the same play. Instead of plowing Howard Hughes cash into real estate, he is pouring it into insurance. The goal is a trillion dollar machine compounding over 50 years. Buffett started with a failing textile mill. Ackman is starting with land nobody wanted. The playbook was never hidden. Almost nobody is built to run it. WATCH THE FULL PODCAST ON The All-In Podcast

Bill Ackman is openly trying to build the next Berkshire Hathaway and explained the entire playbook on All-In. It starts with a 4 billion dollar company nobody on Wall Street cares about. The company is Howard Hughes. It trades at 60 cents on the dollar. Here is the playbook he is copying. Someone went back and read every filing Warren Buffett made over 60 years. Almost all of Berkshire's value came from one thing nobody talks about. Insurance. Buffett ran an insurance company. You collect premiums today in exchange for paying claims later. That means you get money up front. Float. Most insurers obsess over the liability side. How much they might have to pay out. Buffett did the opposite. He took that float and invested it. Manage both sides well and you build a compounding, tax-efficient machine that runs for decades. So why hasn't everyone copied it? Because the people great at investing go work for hedge funds. Insurance companies can't recruit them. Buffett owned half his company and happened to be the best investor alive. Ackman is now running the same play. Instead of plowing Howard Hughes cash into real estate, he is pouring it into insurance. The goal is a trillion dollar machine compounding over 50 years. Buffett started with a failing textile mill. Ackman is starting with land nobody wanted. The playbook was never hidden. Almost nobody is built to run it. WATCH THE FULL PODCAST ON The All-In Podcast

Ihtesham Ali

212,569 Aufrufe • vor 1 Monat

If insurance companies don’t adapt to Tesla FSD, they’re going to have a real problem. In 2024 at the Berkshire Hathaway shareholder meeting, Warren Buffett got asked, “Assuming Elon delivers on his fully autonomous driving goal. Elon said, if you’ve got at scale, a statistically significant amount of data that shows conclusively that the autonomous car has half the accident rate of a human driven car, I think that’s difficult to ignore. Assuming Elon succeeds in reducing accidents by 50% vs human drivers, wouldn’t auto insurance rates fall to reflect the reduced underwriting risks, thereby adversely impacting Geico’s revenues and float and perhaps margins, too?” His main response was, “Well, let’s just take the extreme example. Let’s say there are only going to be 3 accidents in the U.S. next year for some crazy reason… anything that reduces accidents is going to reduce costs… If accidents get reduced 50%, it’s going to be good for society and it’s going to be bad for insurance companies’ volume… but good for society is what we’re looking for.” I’ve followed Tesla closely for years and now the proof is impossible to ignore. Profiting from insurance is built on risk and FSD is systematically removing it. FSD has now crossed the data threshold that insurers can’t ignore. By 2026, Tesla FSD has logged over 10B+ real world miles from real human behavior, real streets, real weather, real chaos, and it’s materially more data than ANY company in the world has today. Tesla’s own safety reports show it clearly: • Human driven U.S. average: ~1M miles per accident • Tesla Autopilot: ~4.5M miles per accident • Tesla FSD engaged: ~7.5M miles per accident That’s a 7.5x safety improvement over human driving! If the risk is 7.5x lower, and your premiums you’re charging customers don’t change, something is wrong. Insurance pricing is supposed to reflect this risk. This is why today’s Lemonade announcement is a wake up call to insurance providers. When Lemonade announced it’s offering a 50% insurance discount when FSD is steering, they’re reacting to Tesla FSD data. Fewer crashes results in fewer payouts, period. This is what adaptive insurance looks like and thus why Tesla & Lemonade insurance has an advantage. They are adapting to real FSD data and real time risk, and adjusting the prices. All while traditional insurance companies are still using broad historical averages, falling behind and losing customers. Companies like GEICO, State Farm, and Allstate were built for a world where humans are driving, risk is random, and prices update slowly. I believe this era of insurance is ending. Even Warren admitted it in this video, saying cutting accidents in half is great for society, but BAD for insurance volume. Bc less risk means lower premiums and lower premiums mean less float and less float is the core of traditional insurance profits! If FSD adoption hits even 50% of Tesla’s fleet, I bet accident rates could drop 30-50% industry wide. That alone puts massive pressure on a ~$300B U.S. auto insurance market today. This is also why I believe Tesla insurance has a MAJOR advantage. Your premium is solely based on data. It uses real time vehicle telemetry, scores you based on actual driving behavior, and rewards your FSD usage directly and right away. In places like California, Tesla Insurance premiums for FSD users are already 20-30% cheaper than competitors. In some cases, safe drivers see up to 60% discounts. And in Texas, claims for FSD users are 40% lower than non-FSD drivers. The long term outcome is becoming obvious to me. Insurance companies that DO NOT adapt prices dynamically, use real time data, and recognize FSD’s safety advantage will most likely lose their best customers to companies that do. For Tesla owners, this is great news bc safer driving, esp using FSD will result in cheaper insurance, but for legacy insurers, this is an existential moment. You either adapt or risk getting left behind.

If insurance companies don’t adapt to Tesla FSD, they’re going to have a real problem. In 2024 at the Berkshire Hathaway shareholder meeting, Warren Buffett got asked, “Assuming Elon delivers on his fully autonomous driving goal. Elon said, if you’ve got at scale, a statistically significant amount of data that shows conclusively that the autonomous car has half the accident rate of a human driven car, I think that’s difficult to ignore. Assuming Elon succeeds in reducing accidents by 50% vs human drivers, wouldn’t auto insurance rates fall to reflect the reduced underwriting risks, thereby adversely impacting Geico’s revenues and float and perhaps margins, too?” His main response was, “Well, let’s just take the extreme example. Let’s say there are only going to be 3 accidents in the U.S. next year for some crazy reason… anything that reduces accidents is going to reduce costs… If accidents get reduced 50%, it’s going to be good for society and it’s going to be bad for insurance companies’ volume… but good for society is what we’re looking for.” I’ve followed Tesla closely for years and now the proof is impossible to ignore. Profiting from insurance is built on risk and FSD is systematically removing it. FSD has now crossed the data threshold that insurers can’t ignore. By 2026, Tesla FSD has logged over 10B+ real world miles from real human behavior, real streets, real weather, real chaos, and it’s materially more data than ANY company in the world has today. Tesla’s own safety reports show it clearly: • Human driven U.S. average: ~1M miles per accident • Tesla Autopilot: ~4.5M miles per accident • Tesla FSD engaged: ~7.5M miles per accident That’s a 7.5x safety improvement over human driving! If the risk is 7.5x lower, and your premiums you’re charging customers don’t change, something is wrong. Insurance pricing is supposed to reflect this risk. This is why today’s Lemonade announcement is a wake up call to insurance providers. When Lemonade announced it’s offering a 50% insurance discount when FSD is steering, they’re reacting to Tesla FSD data. Fewer crashes results in fewer payouts, period. This is what adaptive insurance looks like and thus why Tesla & Lemonade insurance has an advantage. They are adapting to real FSD data and real time risk, and adjusting the prices. All while traditional insurance companies are still using broad historical averages, falling behind and losing customers. Companies like GEICO, State Farm, and Allstate were built for a world where humans are driving, risk is random, and prices update slowly. I believe this era of insurance is ending. Even Warren admitted it in this video, saying cutting accidents in half is great for society, but BAD for insurance volume. Bc less risk means lower premiums and lower premiums mean less float and less float is the core of traditional insurance profits! If FSD adoption hits even 50% of Tesla’s fleet, I bet accident rates could drop 30-50% industry wide. That alone puts massive pressure on a ~$300B U.S. auto insurance market today. This is also why I believe Tesla insurance has a MAJOR advantage. Your premium is solely based on data. It uses real time vehicle telemetry, scores you based on actual driving behavior, and rewards your FSD usage directly and right away. In places like California, Tesla Insurance premiums for FSD users are already 20-30% cheaper than competitors. In some cases, safe drivers see up to 60% discounts. And in Texas, claims for FSD users are 40% lower than non-FSD drivers. The long term outcome is becoming obvious to me. Insurance companies that DO NOT adapt prices dynamically, use real time data, and recognize FSD’s safety advantage will most likely lose their best customers to companies that do. For Tesla owners, this is great news bc safer driving, esp using FSD will result in cheaper insurance, but for legacy insurers, this is an existential moment. You either adapt or risk getting left behind.

Teslaconomics

140,963 Aufrufe • vor 5 Monaten

This woman explains why she cancelled her health insurance in 2026 for her and her son. With insurance, they had a large deductible and her costs out of pocket went up 30%. Prior to cancelling, she was paying $50 a month for her prescriptions. After cancelling, it is about $8 a month out of pocket now. The most basic plan of insurance for her and her son would’ve been around $1,000 a month, which doesn’t include out of pocket expenses. She called around to her doctors offices and asked how much the self pay option would be and she was shocked to find out how little it was. Medical insurance is a scam.

This woman explains why she cancelled her health insurance in 2026 for her and her son. With insurance, they had a large deductible and her costs out of pocket went up 30%. Prior to cancelling, she was paying $50 a month for her prescriptions. After cancelling, it is about $8 a month out of pocket now. The most basic plan of insurance for her and her son would’ve been around $1,000 a month, which doesn’t include out of pocket expenses. She called around to her doctors offices and asked how much the self pay option would be and she was shocked to find out how little it was. Medical insurance is a scam.

Based Jessica

27,851 Aufrufe • vor 3 Monaten