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three paths… which one are u choosing first? 💥 disclaimer: insurance does not cover lava incidents, fist-related property damage, or irreversible vibe distortion❗

11,343 просмотров • 2 месяцев назад •via X (Twitter)

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Truckload spot rates hit new all-time high: this is not SCOTUS related, it is compliance crackdown + reindustrialization. We are week into SCOTUS and this is what we've learned (all over the board tbh): - Large brokers tell us they are getting more commitments from shippers, not less. Shippers are concerned that they are next and want protection. - Managed trans appears to be a massive winner. - Some shippers are reevaluating small carriers (due to compliance risks and cost) and looking to move more freight through large brokers, not less. While others have stopped loading brokers altogether. - Large shippers are already evaluating their brokers for financial viability and requesting larger insurance policies. - Asset-carriers tell us that what eats them alive isn't the big lawsuits, but the very small claims and wonder if brokers will be pulled into the small claims that are handled outside of insurance, which could result in 1-2 claims/1000 loads. At a cost of $20k each, that could result in $20-40/load just in administrative costs of dealing with small claims. - Insurance costs are going up for brokers, but no one really knows how much. Ranges we are hearing is 3-10x. - Conditional safety rating is really difficult for small carriers due to the slow resolution of those ratings at the FMCSA, which is overwhelmed and under resourced - We had our first lawsuit involving a large broker that was previously thrown out under summary judgement amended to include the freight broker

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Board Certified Plastic Surgeon reveals that the massive medical bill totals insurance companies send to you are really “fictitious numbers” that don’t represent real money anyone is being paid He just did a surgery for a patient, the insurance company said the procedure cost $170,000. The patient gets a bill and thinks that’s coming from the doctors office, it’s not The bill is coming from the insurance company, on the $170,000 bill for the surgery his office only gets paid $2,000 So he says none of this makes any sense because none of these huge bills are actually ever paid to anyone “The procedure was approved by insurance and it led to, according to their billing statements, $170,000 claimed. The total hospital billing for which our practice was reimbursed, $2,000. So just amazing, the bizarre discrepancy. And where does the rest of it all go? Fortunately, you know, this patient doesn't account for nearly that amount for their payment because their insurance does cover a significant portion of that as well as it not actually total billed to that amount. But it just illustrates some of the madness that there is in healthcare billing practices, because one, nobody knows what the bills are before we do them, including doctors. We have no idea And then patients get this astronomical number that is really kind of a fictitious number that doesn't get represented by real money that anyone collects” This sounds like a racket and outright fraud. How do the insurance companies getting away with it

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