Such a great lesson, and encompassing a good half or more of all the math American children learn in seven years of schooling. And applied math at that, something none of our kids learn how to do anymore. Well done!
I'm surprised you have to lay out all the money like this. In the US, the insurance companies pay, all I've ever had to do is to sign forms. What happens to someone who has insurance, but no hedge fund to lend money to the insurance company, which is what this amounts to?
And applied math at that, something none of our kids learn how to do anymore.
I find this so silly. Teaching things that kids aren't able to connect to their daily lives in any way. Keep the grades up, but not know what is learned.
In the US, the insurance companies pay, all I've ever had to do is to sign forms.
Are you white? :D
I really do think it has to do with the last name. All I have ever had is problems, no matter how long I have had the insurance, how much i pay - my friends however have had almost zero issues.
What happens to someone who has insurance, but no hedge fund to lend money to the insurance company, which is what this amounts to?
Good question!
If I added up all the money I have spent on insurance "premiums," and had saved all that money instead of paying those protection fees to that mob, I would have come out way ahead financially. This is why insurance companies make money. I'm so sorry you have to deal with this, it sounds awful. But good job helping small steps through it, she will understand ups and downs.