Google and similar data hungry companies (while not a financial scam but moreso a privacy scam, companies like Google and Meta profiteering on our personal data without our knowledge or awareness)
Technically insurance only works if everybody pays in. Wouldn’t work as a concept if every tom dick and harry could pay them $100 then a week later need $100,000. They’d basically be out of business right quick with nothing to provide for anyone. Maybe as some believe it should just be provided through taxes, but it’s certainly not a scam.
But the problem is that medical costs are only as high as they are because of insurance. Hospitals started making up fake, artificially high prices because insurance companies wanted a discount for referring patients to their hospital.
My personal top 3:
Technically insurance only works if everybody pays in. Wouldn’t work as a concept if every tom dick and harry could pay them $100 then a week later need $100,000. They’d basically be out of business right quick with nothing to provide for anyone. Maybe as some believe it should just be provided through taxes, but it’s certainly not a scam.
But the problem is that medical costs are only as high as they are because of insurance. Hospitals started making up fake, artificially high prices because insurance companies wanted a discount for referring patients to their hospital.