A new study published in Health Affairs—“High-Deductible Health Insurance May Exacerbate Racial And Ethnic Wealth Disparities” by Naomi Zewde, Sergio Rivera Rodriguez, and Sherry A.
I agree with your article about the high medical insurance deductibles, but it is also a burden on the white population. Not every white household has the disposable income to meet high medical costs. High deductible affect everyone, except the wealthy Americans.
Medicare deductibles should be eliminated too! Again, the majority of our seniors depend on their social security checks to meet their living expenses.
Getting affordable medical care in the United States is a joke.
I agree with Patricia’s comments many of us Seniors (whites) on Medicare are living check to check and we could easily fall into poverty. The problem is systemic and it stems from placing higher value on the lives of the economically more prosperous and this goes above and beyond matters of race. We need to address the matter of inequality among rich and poor holistically, not broken down into categories that divide us all. Class as a social issue has never changed. Only with a strong Middle Class can we reduce these barriers. Privatized health care has failed and we need a new business model that will place controls on costs including the obscene compensation of big health insurance carrier CEO’s
You are absolutely Brilliant, Wendell, I've followed you for years now, from the Thom Hartmann program, over at FStv.You've written a terrific article today and will reStack ASAP💯👍
When HSAs first rolled out in the early 2000's I was the corporate risk manager for a bank holding company. Our broker added an HSA plan as an option. He and I had a side bet on what % of the members would opt for the HSA. He said less that 5% I said 20%...I won. Why....most of the highly compensated bank execs opted for the HSA....the lower wage tellers (making under $20,000 annually) picked the lowest deductible PPO plan. That trend has never changed! HSA's definitely favor the highly compensated!
I call BS. This isn’t a race issue. It’s an education issue! I know blue collar workers of all races (and lower pay rates) who thrive on a HDHP and I know executives who refuse to learn / understand HDHP’s and lose out on potential savings. A lot of it depends on how the plan(s) are designed by the company / insurance company.
I agree with your article about the high medical insurance deductibles, but it is also a burden on the white population. Not every white household has the disposable income to meet high medical costs. High deductible affect everyone, except the wealthy Americans.
Medicare deductibles should be eliminated too! Again, the majority of our seniors depend on their social security checks to meet their living expenses.
Getting affordable medical care in the United States is a joke.
I agree with Patricia’s comments many of us Seniors (whites) on Medicare are living check to check and we could easily fall into poverty. The problem is systemic and it stems from placing higher value on the lives of the economically more prosperous and this goes above and beyond matters of race. We need to address the matter of inequality among rich and poor holistically, not broken down into categories that divide us all. Class as a social issue has never changed. Only with a strong Middle Class can we reduce these barriers. Privatized health care has failed and we need a new business model that will place controls on costs including the obscene compensation of big health insurance carrier CEO’s
You are absolutely Brilliant, Wendell, I've followed you for years now, from the Thom Hartmann program, over at FStv.You've written a terrific article today and will reStack ASAP💯👍
When HSAs first rolled out in the early 2000's I was the corporate risk manager for a bank holding company. Our broker added an HSA plan as an option. He and I had a side bet on what % of the members would opt for the HSA. He said less that 5% I said 20%...I won. Why....most of the highly compensated bank execs opted for the HSA....the lower wage tellers (making under $20,000 annually) picked the lowest deductible PPO plan. That trend has never changed! HSA's definitely favor the highly compensated!
My firm has 55% on the HDHP- across all income levels. It’s a problem of plan design and education of you’re at 20% or less
I call BS. This isn’t a race issue. It’s an education issue! I know blue collar workers of all races (and lower pay rates) who thrive on a HDHP and I know executives who refuse to learn / understand HDHP’s and lose out on potential savings. A lot of it depends on how the plan(s) are designed by the company / insurance company.