this post was submitted on 07 Oct 2024
1910 points (99.3% liked)
Microblog Memes
5777 readers
2210 users here now
A place to share screenshots of Microblog posts, whether from Mastodon, tumblr, ~~Twitter~~ X, KBin, Threads or elsewhere.
Created as an evolution of White People Twitter and other tweet-capture subreddits.
Rules:
- Please put at least one word relevant to the post in the post title.
- Be nice.
- No advertising, brand promotion or guerilla marketing.
- Posters are encouraged to link to the toot or tweet etc in the description of posts.
Related communities:
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
This would conceivably be true for car repair as well. A mechanic is incentivized to order as many repairs as possible for a car.
So why don’t they?
The answer is many-faceted, but the main ones are (a) professional ethics, (b) reputation, and (c) second opinions which kinda feed into b.
Any provider whether doctor/mechanic/wedding photographer/whatever is also incentivized to serve their customers well by selling them only things that truly benefit them.
We don’t need insurance companies in all those other industries to prevent providers from using an infinite-billing hack to generate infinite money.
They do. Car mechanics have a notorious reputation for doing repairs that aren't necessary, or for breaking something so that the owner has to come in again soon.
Yeah, there's a natural counterbalance that means they don't want to be seen as dishonest. Similarly, an insurance company is counterbalanced against trying to prevent every test or procedure by also wanting to be seen as honest.
You're aware that car insurance is a thing right? Any industry where the charges are going to be extremely high is going to involve insurance. Cars are fairly expensive devices, and so there's car insurance, and if you're in a big accident your car insurance will pay for the repairs. But, the car insurance will keep an eye on you to make sure you're not committing insurance fraud, and also limit how much the car repair shops are allowed to spend to repair your car.
Great example, mechanics are notorious for ripping people off.