Jump to content



Photo

Doctor Pays Settlement With 600,000 Quarters

illinois surgeon car accident insurance benefits court-order federal reserve bank

  • Please log in to reply
51 replies to this topic

#31 DocM

DocM

    Neowinian Senior

  • 15,643 posts
  • Joined: 31-July 10
  • Location: Michigan

Posted 02 August 2013 - 18:39

Should have totally used pennies!


(Y) (Y)


#32 -Razorfold

-Razorfold

    Neowinian Senior

  • 9,295 posts
  • Joined: 16-March 06
  • OS: Windows 8
  • Phone: Nokia Lumia 900

Posted 02 August 2013 - 18:42

Why would you take out an insurance policy on a child?  You're not dependent on them financially so the only reason is that you hope to profit from their death.  If you can't see that there's something wrong with that then there's not much point carrying on the conversation.
 
I don't know, maybe it's an American thing to want to make money at every opportunity.

I updated my post. Life insurance policies do come with living benefits. It allows YOU to put money aside that your child can then use in the future should he need it.

If I got a life insurance policy for my kid and then when they're 25 they have a medical condition that is too expensive to pay for, they can claim it on their life insurance policy. Or they turn 10 and got something, your medical insurance doesn't cover it 100%, you can now claim the remainder on their life insurance.

There's also another benefit that you didn't realize. As you get older life insurance becomes progressively more expensive and you can get denied from the good plans if you have health issues/dangerous jobs. If you get it for your kids when they're young, it's dirt cheap and the chances of them getting denied are a lot lot less. Then when the kid becomes an adult he can change who gets the benefits (ie to his wife). Now if they get a medical condition later on in life, or gets a dangerous job he's covered (if he didn't have a policy the insurance company can deny you coverage because it's too risky).

Life insurance isn't only for death anymore...

#33 jakem1

jakem1

    Neowinian Senior

  • 6,243 posts
  • Joined: 17-November 06

Posted 02 August 2013 - 18:55

I updated my post. Life insurance policies do come with living benefits. It allows YOU to put money aside that your child can then use in the future should he need it.

If I got a life insurance policy for my kid and then when they're 25 they have a medical condition that is too expensive to pay for, they can claim it on their life insurance policy.

There's also another benefit that you didn't realize. As you get older life insurance becomes progressively more expensive and you can get denied from the good plans if you have health issues/dangerous jobs. If you get it for your kids when they're young, it's dirt cheap and the chances of them getting denied are a lot lot less. Then when the kid becomes an adult he can change who gets the benefits (ie to his wife). Now if they get a medical condition later on in life, or gets a dangerous job he's covered (if he didn't have a policy the insurance company can deny you coverage because it's too risky).

Life insurance isn't only for death anymore...

 

So life insurance is health insurance?  Only in America :rolleyes:

 

Regardless, and even if any of that applies to this guy's policy, the fact still remains that he's upset because he failed to profit from his son's death.  Furthermore, he tried to deny others with actual costs resulting from the accident the money that they needed despite the fact that he'd already hit the jackpot.  Only a scumbag would behave like that and it doesn't surprise me that he's divorced. 

 

Oh, and if you needed any further proof that the guys a prick:

 

 

The doctor, who lives on a 20-acre estate in Harrisburg, had one of his grounds workers help with the hauling Wednesday. “He said he’s very sore from lifting the bags,” said the doctor.



#34 -Razorfold

-Razorfold

    Neowinian Senior

  • 9,295 posts
  • Joined: 16-March 06
  • OS: Windows 8
  • Phone: Nokia Lumia 900

Posted 02 August 2013 - 19:02

So life insurance is health insurance?  Only in America :rolleyes:

No. If you have one that has living benefits it allows you to claim stuff on it in addition to your health insurance.

Health insurance in America doesn't always cover 100% of expenses. For minor things like a doctors visit, it's not that big a deal. For things like major surgeries? It can add up.

Basically it works like this (I'm not an insurance agent so I might be slightly wrong):

Let's say you take out a life insurance policy on your wife for $1 million dollars. Now 10 years later she gets really sick and you now have a $200k bill from the hospital that you need to pay.

You can claim that $200k on her life insurance policy. The life insurance would pay, say, 100k, and now your wife's policy is only worth $900k. There's other stuff attached and I'm sure you pay more to get it.

It's also "useful" for terminally ill patients. Say your grandma had brain cancer and you live in a state that doesn't allow euthanasia and she can't afford her medical bills. If she has a life insurance policy you can ask the company to pay out earlier so you can cover her medical expenses. Now your grandma can keep getting treatment to keep her remaining years comfortable.

#35 x-scratch

x-scratch

    whaaaaaaaat

  • 2,743 posts
  • Joined: 19-November 03
  • Location: gnome panel

Posted 02 August 2013 - 19:06

What an ar*ehole.

 

 

how is he an ar*ehole. & because of you my next purchases will be in pennies



#36 jakem1

jakem1

    Neowinian Senior

  • 6,243 posts
  • Joined: 17-November 06

Posted 02 August 2013 - 19:13

No. If you have one that has living benefits it allows you to claim stuff on it in addition to your health insurance.

Health insurance in America doesn't always cover 100% of expenses. For minor things like a doctors visit, it's not that big a deal. For things like major surgeries? It can add up.

Basically it works like this (I'm not an insurance agent so I might be slightly wrong):

Let's say you take out a life insurance policy on your wife for $1 million dollars. Now 10 years later she gets really sick and you now have a $200k bill from the hospital that you need to pay.

You can claim that $200k on her life insurance policy. The life insurance would pay, say, 100k, and now your wife's policy is only worth $900k. There's other stuff attached and I'm sure you pay more to get it.

It's also "useful" for terminally ill patients. Say your grandma had brain cancer and you live in a state that doesn't allow euthanasia and she can't afford her medical bills. If she has a life insurance policy you can ask the company to pay out earlier so you can cover her medical expenses. Now your grandma can keep getting treatment to keep her remaining years comfortable.

 

Unbelievable.  This could be the topic for a whole new discussion.



#37 -Razorfold

-Razorfold

    Neowinian Senior

  • 9,295 posts
  • Joined: 16-March 06
  • OS: Windows 8
  • Phone: Nokia Lumia 900

Posted 02 August 2013 - 19:21

Unbelievable.  This could be the topic for a whole new discussion.

How is that unbelievable? It's not really that bad a thing.

Let's take your wife as an example again. She's healthy, has a good job and lifes good. Now she's 50 and got diagnosed with terminal brain cancer. She's constantly in the hospital, you've hit the limits on your health insurance and now the bills are rapidly adding up.

So now you have to make a choice:

1. Take your wife home and let her suffer in agony because you can't afford the care anymore.
2. Take out hundreds of thousands of dollars in loans to pay for her care.

If you had a living benefits policy you can now get the insurance company to pay out earlier and use that benefits to keep getting her the care she needs.

Is it a perfect solution? No. As much as it sucks insurance in America pretty much controls our lives. You don't have to get it but if something happens you better hope you have the financial means to cover it, if not well...

Yes it would be nice if things like healthcare weren't outrageously expensive in this country (believe me, I'm all for universal healthcare as opposed to the **** we have now), but people are massively resistant to change (or hate the government and don't want them doing anything). Stupid but thats a different discussion.

---

Brief explanation on how health insurance works in the US:

Deductible (Anywhere from $0-$10000) - This is the amount you have to pay out of pocket before your insurance company will pay a single dollar. The lower your deductible, the higher your premiums.

Co-insurance (100/0, 80/20, 70/30, 50/50 etc) - This is the amount your insurance will pay for after you hit your deductible. So say your co-insurance was 80/20, the insurance company would cover 80% of the cost, you're responsible for 20% of it. Yet again, lower co-insurance means higher premiums.

Out of pocket maximum (anywhere from $500-$10000) - Once you spend a certain amount of money your insurance company will 100% cover all additional expenses. So say you had a out of pocket maximum of $5000 and you went in for heart surgery that cost $100k. You're only responsible for $5k of it.

Co-pay - A pre-negotiated rate you pay that is separate from the above. For example, some insurances have a specialist co-pay of $50. So if you were to visit, say, a cancer specialist who charged $500. You'd only have to pay $50 regardless of your deductible / co-insurance.

#38 jakem1

jakem1

    Neowinian Senior

  • 6,243 posts
  • Joined: 17-November 06

Posted 02 August 2013 - 19:40

How is that unbelievable? It's not really that bad a thing.

 

I come from a country where, if I get sick, I just walk into a hospital and they'll fix me up no questions asked.  Anything less than that is pretty crap IMO but it seems to me that the situation you describe where you need insurance to plug the gaps in other insurance is the worst kind of situation possible. 

 

It's easy to understand though why the other victims in the accident might want their fare share of the $800,000 if they face the sort of out of pocket expenses that you describe.  Especially the kid who needed multiple knee operations.  As a surgeon and a human being I would have expected this guy to appreciate that before he tried to keep the lion's share of the money for himself.



#39 -Razorfold

-Razorfold

    Neowinian Senior

  • 9,295 posts
  • Joined: 16-March 06
  • OS: Windows 8
  • Phone: Nokia Lumia 900

Posted 02 August 2013 - 19:42

I come from a country where, if I get sick, I just walk into a hospital and they'll fix me up no questions asked.  Anything less than that is pretty crap IMO but it seems to me that the situation you describe where you need insurance to plug the gaps in other insurance is the worst kind of situation possible.

I come from a country like that too (HK). But when you live here it's just the way life is. I mean you don't need living benefits, it's not a requirement and tons of people will have no need for it. But it does have it's uses.

So I'm not saying that you'll need it, just giving an example on why parents take out life insurance policies on their kids. It's not because they want to profit from their death. It's ultimately a backup that the kid can rely on should a situation arise where he/the family needs money.

#40 Edrick Smith

Edrick Smith

    Neowinian Senior

  • 3,191 posts
  • Joined: 14-April 03
  • Location: Boston, MA

Posted 02 August 2013 - 19:58

/applaud

 

Courts are so ridiculous, poor guy lost his son :(

You're applauding him for being an asshat when the other families got nothing? 



#41 HawkMan

HawkMan

    Badass Viking

  • 20,219 posts
  • Joined: 31-August 04
  • Location: Norway

Posted 02 August 2013 - 23:00

1. So when you lose a family member you shouldn't get any compensation. Right, got it. I mean it won't bring them back right? :rolleyes:

2. What sort of psychopath takes out a life insurance policy on their family member? Are you ****ing high or just being thick? Quite a lot of policies nowadays also have living benefits which the person can take out to cover medical expenses and such. If I take out a life insurance policy on my wife am I a psychopath who wants her to die? My mum and dad both have life insurance policies too, are they psychopaths as well?

3. I highly doubt 10 years ago he was in court alone fighting to get the 800k for himself. At the very least his lawyers were doing it, and that's their job. They're job is to get the highest payout possible (which is why you see damage claims for like $100 million), it's the courts job to make sure everyone gets a fair settlement. The courts didn't do their job.

Tomorrow if someone were to kill your wife / mum / dad w/e, are you just going to sit there and go oh well it's too bad they're dead or are you going to try and get the best possible settlement from the murderer?

 

Why should I get money because my kid dies. it's sad and all, but why should I profit from it. granted over here we don't have this rampant life insurance thing you have over there. I only got a life insurance because my bank said they would REALLY like me to have one when I took the loan to buy a house. so if I get hurt and can't work my house gets paid off, or if I die my beneficiaries won't have to worry about the house or loan I leave behind. 

 

insurance is supposed to cover your medical bills and loss of future income. the kids father suffered no loss of future income from his sons death, and he already had his own life insurance on him, what he should have gotten from the pool is enough to cover a modest burial while the people who needed surgery and possibly disabled for the rest of their life should get the bears share to cover them. 



#42 HawkMan

HawkMan

    Badass Viking

  • 20,219 posts
  • Joined: 31-August 04
  • Location: Norway

Posted 02 August 2013 - 23:06

Tomorrow if someone were to kill your wife / mum / dad w/e, are you just going to sit there and go oh well it's too bad they're dead or are you going to try and get the best possible settlement from the murderer?

 

What does murders have to do with car accidents, especially in this case passengers, I believe they where even passengers of the dead guy.



#43 OP Hum

Hum

    totally wAcKed

  • 60,800 posts
  • Joined: 05-October 03
  • Location: Odder Space
  • OS: Windows XP, 7

Posted 02 August 2013 - 23:09

Why would you take out an insurance policy on a child?  You're not dependent on them financially ...

A child can easily cost a parent a lot of money, over their lifetime -- especially if the child needed expensive medical treatment.

 

Many parents have gone bankrupt, taking care of their kids.

 

And if the parents need to pay for a funeral, that can really cost them.



#44 -Razorfold

-Razorfold

    Neowinian Senior

  • 9,295 posts
  • Joined: 16-March 06
  • OS: Windows 8
  • Phone: Nokia Lumia 900

Posted 03 August 2013 - 01:07

What does murders have to do with car accidents, especially in this case passengers, I believe they where even passengers of the dead guy.

Just an example about compensation after a family member is killed.

And no the passengers, including the son, were in the jeep that got hit by a farm vehicle who didn't stop at an intersection.

#45 HawkMan

HawkMan

    Badass Viking

  • 20,219 posts
  • Joined: 31-August 04
  • Location: Norway

Posted 03 August 2013 - 07:05

And no the passengers, including the son, were in the jeep that got hit by a farm vehicle who didn't stop at an intersection.

 

uh, yeah.... that's what I said...





Click here to login or here to register to remove this ad, it's free!