What does one call this economic/psychological fallacy?
Looking at the bill for the surgery, I found myself thinking, "Well, I guess it's good that I'm over my out-of-pocket limit on my insurance for the year, anyway! I can go to the dermatologist and only have to pay the copay."
See, it would be better never reach my out-of-pocket limit in the first place. Yet my brain sees it as a good thing - because, I guess, I get some kind of serotonin hit when I get an EoB and it says "patient responsibility = $0"? It's only $0 because I already paid $3,000*! It's not a good deal!
I resent this error on the part of my brain's math node. I'm sure there are scams that make use of whatever makes it happen.
* Or, rather, Mom and Dad are paying this bill, which is the big one, so I personally have only paid about $1,000.
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See, it would be better never reach my out-of-pocket limit in the first place. Yet my brain sees it as a good thing - because, I guess, I get some kind of serotonin hit when I get an EoB and it says "patient responsibility = $0"? It's only $0 because I already paid $3,000*! It's not a good deal!
I resent this error on the part of my brain's math node. I'm sure there are scams that make use of whatever makes it happen.
* Or, rather, Mom and Dad are paying this bill, which is the big one, so I personally have only paid about $1,000.
This post was cross-posted from Dreamwidth. Please comment there using OpenID. (Comments:
)