Wealth is what you don't spend

Re:Wealth is what you don't spend by scarejunba on Saturday January 25, 2020 @01:41PM (#22147810)

There's a pricing/information problem. Say you hear that the hip replacement is $10k in the US and $2k in India. But there's also a place that's $1.5k in India and a place that's $2.5k in India. Which place is good? You haven't a clue. Do you take the risk? Are you going to end up with a hip that lasts shorter than you want it to? That'll be bad for you.

And then comes the fact that insurance pays for most people so the price is hidden. You don't actually pay $10k. Instead everyone pays slightly more than they should for insurance.

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Re:Wealth is what you don't spend by cpuguy83 on Saturday January 25, 2020 @01:50PM (#22147865)

Except you do actually pay that $10k, just in the form of money taken out of your pay check to pay for insurance. Insurance which you are likely not wanting to take advantage of because even with insurance you pay out of pocket (albeit subsidized by insurance).

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