(Thread IKs:
skooma512)
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More empty promises
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Mar 28, 2023 22:53
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Beached Whale posted:my neighbors large fuckoff truck just got repo'd and he was outside screaming at the tow truck driver about it. lkmao guy who I work with just traded in his perfectly fine 2016 truck for the exact same truck from 2023. he got $25k on the trade, and the purchase is $59k in total lmfao I asked him what was wrong with his old truck and he said "Nothing, but it's old now" 
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Mar 28, 2023 22:54
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BRAKE FOR MOOSE posted:in principle, there's nothing wrong with fully automating aspects of the claims process, as there will surely be unnecessary charges popping up and one would want to discourage health care providers from ordering tests just for the kickbacks in any health care system, and speed is important in health care decisions one of the issues arising from their process is initial acceptance of treatment then after-the-fact claims rejection, leading to patients thinking treatment will be covered then left holding the considerably high bag.
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Mar 28, 2023 23:01
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BRAKE FOR MOOSE posted:in principle, there's nothing wrong with fully automating aspects of the claims process, as there will surely be unnecessary charges popping up and one would want to discourage health care providers from ordering tests just for the kickbacks in any health care system, and speed is important in health care decisions if we really are stuck with the horrific for profit healthcare system in the US forever then an automated algorithm based handling of the claims process would actually be pretty good ...If it were actually designed to promote efficiency. In hyper capitalist optimization terms imagine realizing that paying a worker's medical bills actually makes more money because you get 10-20 more years of work for the economy out of them if they need $200,000 to live past 45. They even get to pay for end of life care if they don't die of a preventable illness. Each year the tens of thousands dying due to lack of healthcare could be saved to contribute to premiums. After a higher upfront cost making the overall population healthier would reduce the expense of healthcare itself over decades. Your debt slaves would live for many more monthly payments. Instead we are designing algos to turbofuck people with the sole goal of spending the least money possible in any given situation while also cutting back on the payroll cost of employing people who were turbofucking the patients less efficiently before.
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Mar 28, 2023 23:02
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Eric Cantonese posted:He did get fined and his law license suspended in the State of Arkansas... rare arkansas W
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Mar 28, 2023 23:06
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Willa Rogers posted:one of the issues arising from their process is initial acceptance of treatment then after-the-fact claims rejection, leading to patients thinking treatment will be covered then left holding the considerably high bag. This is getting pretty egregious. my bet is they’ll fold on appeal of the claim, but that enough folks don’t appeal that they don’t care. I would think an insurance commissioner would have major issues with this.
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Mar 28, 2023 23:07
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Bar Ran Dun posted:This is getting pretty egregious. "Many state insurance commissioners come straight from the insurance companies they are charged with regulating."--Wendell Potter, former CIGNA exec turned M4A proponent
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Mar 28, 2023 23:10
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https://twitter.com/theapplehub/status/1640741993038090241?s=20
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Mar 28, 2023 23:10
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Willa Rogers posted:"Many state insurance commissioners come straight from the insurance companies they are charged with regulating."--Wendell Potter, former CIGNA exec turned M4A proponent most insurance folks would have big issues with this, it’s pretty bad.
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Mar 28, 2023 23:12
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webcams for christ posted:well well well if it isn't the consequences of the FDIC's actions working as intended, won't fix
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Mar 28, 2023 23:15
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The job of an adjuster is basically to be a lawyer-lite dick about executing a contract exactly. This is basically “disrupting “ adjusters by replacing them with an algorithm. claims side insurance folks would have issues with this especially companies that do tpa work.
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Mar 28, 2023 23:17
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Bar Ran Dun posted:most insurance folks would have big issues with this, it’s pretty bad. goon: that's pretty bad the powers that be: lol that owns, thanks for the campaign donations
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Mar 28, 2023 23:17
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silentsnack posted:goon: that's pretty bad there’s a lot of money that wouldn’t want things structured this way. no hourly T/E billing
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Mar 28, 2023 23:19
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Willa Rogers posted:"Many state insurance commissioners come straight from the insurance companies they are charged with regulating."--Wendell Potter, former CIGNA exec turned M4A proponent So anyway, you were saying that blanket/random denials were illegal and they have to provide cover because they're subject to laws 
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Mar 28, 2023 23:22
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undercutting the lovely fintech startups will hopefully put them to bed forever, good job Apple
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Mar 28, 2023 23:28
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skooma512 posted:So anyway, you were saying that blanket/random denials were illegal and they have to provide cover because they're subject to laws yes, that's called a "fig leaf" and the method that's used for virtually unlimited denials is called a "loophole"
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Mar 28, 2023 23:30
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ha ha, Yes
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Mar 28, 2023 23:30
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what is the venn diagram of people who have an apple credit card and those that would use this service? I want to say there shouldn’t be any overlap, but the more I think about it, lol lmao
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Mar 28, 2023 23:32
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repoing or locking down iPhones when consumer doesnt pay the buy-now-pay-later debts apple is honestly in a better position to become loan sharks
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Mar 28, 2023 23:32
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Apple still cool! You pay later!
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Mar 28, 2023 23:33
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nexous posted:what is the venn diagram of people who have an apple credit card and those that would use this service? its even better, it works via apple pay making anybody with an iphone a qualified loan recipient.
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Mar 28, 2023 23:34
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I can't imagine that's going to make them enough money to make up for the inevitable losses that have to come with taking on the risk of consumer defaults. They have no fees, so the only money it provides is the additional users it drives to their platform, but that appeal is biased towards the lower income side. And they're starting this at the moment when consumer debt is spiraling out of control. It would be great if it killed off the fintech leeches, but either they'd have died anyway in the crash that's going to punish Apple for doing this, or Apple is just angling to become King Leech after they're dead when it will start fees.
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Mar 28, 2023 23:34
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Akratic Method posted:I can't imagine that's going to make them enough money to make up for the inevitable losses that have to come with taking on the risk of consumer defaults. They have no fees, so the only money it provides is the additional users it drives to their platform, but that appeal is biased towards the lower income side. And they're starting this at the moment when consumer debt is spiraling out of control. well they can write off poors defaulting on their apple loan on taxes so maybe that’s what they’re going for is tax write offs also instead of letting CC guys earn all that sweet 30% credit interest rates, they get to take it for themselves
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Mar 28, 2023 23:37
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they will eventually start charging interest this is the free trial period
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Mar 28, 2023 23:38
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Do they repossess the Mac if you don't pay? I can't imagine they do, I bet these are unsecured.
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Mar 28, 2023 23:39
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Apple pricing people out so hard they had to introduce a new way to pay
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Mar 28, 2023 23:39
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Akratic Method posted:I can't imagine that's going to make them enough money to make up for the inevitable losses that have to come with taking on the risk of consumer defaults. They have no fees, so the only money it provides is the additional users it drives to their platform, but that appeal is biased towards the lower income side. And they're starting this at the moment when consumer debt is spiraling out of control. they make enormous margin on every phone sold, selling more phones is always worth it to them also they will definitely do a credit check, they won't offer interest-free loans to everyone
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Mar 28, 2023 23:43
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Akratic Method posted:I can't imagine that's going to make them enough money to make up for the inevitable losses that have to come with taking on the risk of consumer defaults. They have no fees, so the only money it provides is the additional users it drives to their platform, but that appeal is biased towards the lower income side. And they're starting this at the moment when consumer debt is spiraling out of control. the zero fees poo poo is for the onboarding period. once enough people are on the platform they can start squeezing
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Mar 28, 2023 23:44
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Iphone 15 is probably going to cost what a Macbook Pro used to lmao. Willa Rogers posted:yes, that's called a "fig leaf" and the method that's used for virtually unlimited denials is called a "loophole" gotta love Constitutional Oligarchy with Market Characteristics
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Mar 28, 2023 23:44
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skooma512 posted:Iphone 15 is probably going to cost what a Macbook Pro used to lmao. Iphone Ultra is coming, and it will probably be $1500-$2000.
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Mar 28, 2023 23:45
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slave to my cravings posted:they will eventually start charging interest this is the free trial period yeah, or some other kind of fee. the point is to get people to use apple pay and get your stuff in the system to build habits first hell, i could see them just making their money off the CC fees depending on how this is handled.
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Mar 28, 2023 23:48
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i assume its going to print apple money whatever the scheme is
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Mar 28, 2023 23:49
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Still, they aren't actually creating any value here really, just trying to leverage their userbase and user brand loyalty to steal from other loansharks. Let them fight, I say.
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Mar 28, 2023 23:50
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skooma512 posted:gotta love Constitutional Oligarchy with Market Characteristics thanks Obama.
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Mar 28, 2023 23:51
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Nonsense posted:Iphone Ultra is coming, and it will probably be $1500-$2000. that's fine it sucks your dick i heard
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Mar 29, 2023 00:14
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actionjackson posted:that's fine it sucks your dick i heard so does my wife and she doesn’t cost 2000 dollars
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Mar 29, 2023 00:16
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her group rates are pretty good
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Mar 29, 2023 00:18
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isn’t the biggest revenue generator for General Electric its financial services department? I’m sure apple sees the same opportunity.
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Mar 29, 2023 00:19
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poemdexter posted:isn’t the biggest revenue generator for General Electric its financial services department? 
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Mar 29, 2023 00:27
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| # ? Jun 7, 2024 19:32 |
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Is Apple going to charge fees to merchants instead for enabling transactions and dealing with the payment collection? Maybe this is like a foray into the credit card market.
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Mar 29, 2023 00:28
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