Which type do you think is the biggest "fleecing of America"(as NBC likes to call it)?
I think it's auto-insurance. I got a speeding ticket 6 weeks ago, the ticket itself cost $65, but the insurance jacked up my premium by about $600. It was one point on my license. I was clocked at 43mph in a 35mph zone. Anyone who has driven knows NO ONE goes at the speed limit, rather they go with the flow of traffic...which is about 5-10mph past the speed limit. I wasn't the only one speeding, I was just caught at the wrong place at the wrong time.
The insurance company does all these statistics about how young male drivers are more likely to be high-risk, so they say that's legal for them to jack my already high premium. So my insurance for the year is about, $1900. I only have one speeding ticket on my record...not even a parking ticket. So the insurance company says I'm at "very high risk" because of 1 speeding ticket. Basically my money feeds more steak dinners to these fat execs guts so they get heart disease or some crap...I hope they do get heart disease...but eh.
So yeah, discuss the biggest insurance frauds.