Forcing health insurance companies to do the right thing for patients and their doctors takes time, often many years, whether through changes in public policy, the marketplace, or litigation.
I wish I could think of this as a win, however with the lack of accountability accepted, then this is just a payoff for deeds done. No real win here. This country is in a state of failure and the legal maneuvering that continues to take place - all to save face? Only winners here were the legal team that is set to make money no matter what.
Still remember 2002 North Carolina when Blue Cross was advertising that switching from non-profit to for-profit was in the best interests of patients. 🧐 And people voted to make that change.
This isn’t surprising: the incentives are all wrong. When a company stands to profit from making access to healthcare more expensive rather than incentivizing savings and efficiency, it will become a big, bloated, monopolistic, bureaucratic behemoth like BCBS has become. The incentive structure MUST change to reduce fees, reduce illness, and reward wellness.
Here’s proof of how insane this is: when I go to the doctor, I always ask them: “How much would this visit cost if I DIDN’T have health insurance?” Often, the answer is something outrageous like: “Your visit today will be $150 because you have insurance. But if you didn’t have insurance, our cash price would be $84.”
A system that requires you to pay monthly premiums only to be charged more than if you had paid cash is about the biggest scam I can possibly imagine.
Trying to find a bright spot in this. May have found one. During the intervening time of this case physicians have put in place measures to reduce the 1.3 billion a year in losses due to no-shows for appointments. That's all I've got. Not a very bright spot in the nightmare of insurance company bad acting, but it's something, although not directly related.
"I am truly blown away by the quality of this blog! The author’s incredible expertise shines through in every sentence, making complex topics feel both accessible and engaging. It’s clear that a lot of thought, time, and research have gone into each post, and it truly shows in the depth and breadth of the content. The way the author presents detailed information without overwhelming the reader is a skill not many possess. Each piece is not only insightful but written in a way that captivates from the very first word.
What I appreciate most is the clear structure and flow of the blog. The posts are well-organized, allowing readers to follow the train of thought effortlessly. It’s refreshing to see content that is so carefully crafted, with attention to detail and a genuine intention to provide value to the audience. Whether it's breaking down financial strategies, offering career advice, or exploring personal development, this blog consistently delivers high-quality content that leaves readers both informed and inspired.
The writing style is another standout feature. It’s conversational yet authoritative, which makes the reading experience both enjoyable and enlightening. The author knows how to strike a balance between being relatable and professional, making the content appeal to a wide range of readers.
Overall, I can’t say enough good things about this blog and the author behind it. It’s a rare find, and I’m so glad to have discovered it. This is undoubtedly one of those blogs you keep coming back to, eagerly awaiting the next post because you know it will be worth your time. Hats off to the author for consistently delivering such fantastic content—keep up the incredible work!
Whenever you find the time, I humbly invite you to visit our little blog <a href="https://2myadvisers.blogspot.com" target="_blank">My Advisers</a>. Having your voice in the conversation would elevate the quality of dialogue and provide readers with even greater value. I genuinely look forward to your comments and insights, and I hope to continue learning from your expertise for many more posts to come!"
It’s about damn time. The insurance industry has turned into one big grift.
This is what is needed at last in the Ecuador oil contamination victory of Stephen Donzinger but stymied in court.
I wish I could think of this as a win, however with the lack of accountability accepted, then this is just a payoff for deeds done. No real win here. This country is in a state of failure and the legal maneuvering that continues to take place - all to save face? Only winners here were the legal team that is set to make money no matter what.
Still remember 2002 North Carolina when Blue Cross was advertising that switching from non-profit to for-profit was in the best interests of patients. 🧐 And people voted to make that change.
Yay for “we the people”! May this be one of many successful suits to break the INSCOs hold on American health care!
This isn’t surprising: the incentives are all wrong. When a company stands to profit from making access to healthcare more expensive rather than incentivizing savings and efficiency, it will become a big, bloated, monopolistic, bureaucratic behemoth like BCBS has become. The incentive structure MUST change to reduce fees, reduce illness, and reward wellness.
Here’s proof of how insane this is: when I go to the doctor, I always ask them: “How much would this visit cost if I DIDN’T have health insurance?” Often, the answer is something outrageous like: “Your visit today will be $150 because you have insurance. But if you didn’t have insurance, our cash price would be $84.”
A system that requires you to pay monthly premiums only to be charged more than if you had paid cash is about the biggest scam I can possibly imagine.
As you well know, this is built into the cost of doing business. Total slap on the wrist that they will figure out how to pass on to customers.
won't they just raise rates to pay for this?
Grifters all the way!
Trying to find a bright spot in this. May have found one. During the intervening time of this case physicians have put in place measures to reduce the 1.3 billion a year in losses due to no-shows for appointments. That's all I've got. Not a very bright spot in the nightmare of insurance company bad acting, but it's something, although not directly related.
wow. this kind of accountability is so important. thanks for covering this!
Yikes! How does one get out of these plans and find something that's affordable?
"I am truly blown away by the quality of this blog! The author’s incredible expertise shines through in every sentence, making complex topics feel both accessible and engaging. It’s clear that a lot of thought, time, and research have gone into each post, and it truly shows in the depth and breadth of the content. The way the author presents detailed information without overwhelming the reader is a skill not many possess. Each piece is not only insightful but written in a way that captivates from the very first word.
What I appreciate most is the clear structure and flow of the blog. The posts are well-organized, allowing readers to follow the train of thought effortlessly. It’s refreshing to see content that is so carefully crafted, with attention to detail and a genuine intention to provide value to the audience. Whether it's breaking down financial strategies, offering career advice, or exploring personal development, this blog consistently delivers high-quality content that leaves readers both informed and inspired.
The writing style is another standout feature. It’s conversational yet authoritative, which makes the reading experience both enjoyable and enlightening. The author knows how to strike a balance between being relatable and professional, making the content appeal to a wide range of readers.
Overall, I can’t say enough good things about this blog and the author behind it. It’s a rare find, and I’m so glad to have discovered it. This is undoubtedly one of those blogs you keep coming back to, eagerly awaiting the next post because you know it will be worth your time. Hats off to the author for consistently delivering such fantastic content—keep up the incredible work!
Whenever you find the time, I humbly invite you to visit our little blog <a href="https://2myadvisers.blogspot.com" target="_blank">My Advisers</a>. Having your voice in the conversation would elevate the quality of dialogue and provide readers with even greater value. I genuinely look forward to your comments and insights, and I hope to continue learning from your expertise for many more posts to come!"
Shouldn't they repay patients too if their actions increased "the overall cost of health care.