And with that you've shown all I need to know. Insurance contractual terms don't magically change after a claim is submitted. It's right there in the contract before anyone agrees to anything what the insurance company offers and the applicant accepts.
S.S. works as a ponzi scheme because the people paying into it today are paying for the benefits people are receiving today.
Spending caps aren't implemented after the fact along with the other nonsense you're spouting. I don't need to tell you what insurance field I work in because I've mentioned it repeatedly on this forum and it wouldn't matter anyway. You can have the last word.
1.
---The lifespan of a medical insurance claim for long term treatment often outlives the span of a policy contract, which is generally an annual one, so immediately we know you do not work in health insurance. Yes, spending caps ARE implemented, the moment the annual policy expires and a renewal is needed.
A CANCER treatment might last two years, for instance, and coverage for a relapse might not be available any longer in the second year.
This isn't like getting in a fender bender where you wind up driving a dented car because the insurer refused your claim.
You could DIE. With car insurance, your car will be driveable even if it has a dent. That's an important difference.
You might not agree.
2.
---Insurance companies are required by law to hold a certain amount of assets and cash to guard against a massive payout, say for instance, if everyone got critically ill at the same time. Your insurance company is also insured to guard against this scenario (although the likelihood of this happening is extremely rare).
3.
---Social Security's Trust Fund is invested in real-life assets: special-issue U.S. Treasury bonds.
A ponzi scheme has no real tangible assets other than the cash currently sitting on the books from current investors.
The assets are imaginary, phantom.
4.
---Social Security's accounting is about as honest as any accounting based on projections can be. Its trustees are actively telling you that it is currently running out of money.
That's transparency, and it's a call to action, for the lawmakers to pass measures to make adjustments to cover such shortfalls.
A ponzi scheme will lie through its teeth in its accounting and projections to try to get you to "invest" more in it, usually through forward looking statements that look stunning in their predictions, and references to vast payouts in the past.
5.
---Lastly, it is sustainable. Ponzi schemes are not, because no actual investments are being made in tangible assets.
Furthermore, going back to (1) you're misinformed as to the nature of policy changes implemented during the lifespan of a health insurance policy contract because all health insurance policy contracts contain clauses that permit the insurer to MAKE such changes at will, if in their estimation, it is considered by THEM to be prudent to do so, and most policies now require arbitration instead of tort, so that the policyholder cannot sue the insurer.
So it does matter, because you're making baseless and fact free attacks on a sustainable insurance program funded by worker contributions, because (A) you do not understand how it works, and (B) your agenda requires you believe it is a government swindle, so that you can justify your support for its dissolution and/or privatization, the latter of which is just "giving the money to criminals on Wall Street" who wouldn't DREAM OF ever swindling the public, would they?
Not that you care.
We're done.
