Health Insurance Is a SCAM: You Are Being Ripped Off (Here's WHY)

Hey Bulldogs! John Sonmez from Bulldog Mindset Here, where I teach you how to go from the Victim Mindset to the Bulldog Mindset.

In this video I want to show you how health insurance is a scam, how you're being ripped off, what to expect from health insurance and the right way to use health insurance.

For this I will take a few examples from my own life, and the way I use health insurance, to try as much as possible not to get ripped off. And in general a good piece of advice that saved me a huge amount of money.

So first of all, this I'll use a lab test for my blood test, where it ended up being priced at 2000 dollars! and it's extremely expensive. However my insurance company did it's adjustments where I ended up paying only about 50 dollars and I'll use it to show you how you're being ripped off from insurance companies all the way to lab test companies, doctors etc...

Because you need to understand that you can't really expect health insurance to pay for all your medical bills, it's not how it works, and because of that people automatically assume health insurance is a scam and you shouldn't have one, however it's not how it works.

you must use your health insurance as a hedge against some fatal event, that can wipe you out. For example an accident or waking up finding that I have cancer or some fatal disease, it is then where I can use heath insurance for my advantage.

This may may make you think that you're being ripped off, BUT here is the thing, when it comes to fatal events, where you end up having bills that are in the hundreds of thousands of dollars it doesn't matter if you pay your ten thousands or fifteen thousands dollars max, because your insurance is gonna handle the rest.

You shouldn't count on your insurance to pay for every little thing that happens in your life. These companies should be used for their ability to make adjustments and as a hedge against life threatening events. You may think that you are being ripped off in that case, and it is true, these companies need you to stay safe and pay money in order to make a profit. they have a very large amount of data on which they make their calculation for your payments.

Insurance is a financial instrument, just like an investment, it's designed to hedge things, that might wipe you out.