We can't qualify for government assistance, but yet we can't even afford health care on our own. However, missing that last stair at home and dislocating an ankle, or having an accident on the ski slope and breaking an arm could cause an injury that costs you thousands of dollars in medical bills, and it can quickly climb higher if you need surgery or any kind of ongoing rehabilitation. Affordable Care Act (ACA) Major Medical Insurance Plans We try to have a market system, but the normal incentives are heavily distorted. Thank you for your submission, /u/bmolyvade. I have been shopping for health insurance plans for me and my son and the premiums aren't even as bad as the deductibles. Don't Panic! There’s the charged price, also often called the “sticker price” or the “rack rate” — say $100 for a routine office visit. For one thing, it’s still a better deal for some people, as mentioned above. My job is out of state and out of state insurance was very expensive, so I looked for my own coverage. Here's why your workplace health insurance is so expensive. Why Is Health Insurance So Expensive Reddit. Let’s take a look. Ever-rising premiums have pushed some to drop coverage. The reason health care is so expensive is because of the uninsured. There are a lot of differences between the American system and other countries' systems of healthcare, affecting the overall costs of the system. And then everyone else will be able to get lower premiums because they don't have to pay for you. Your employer pays half of your health insurance. Private healthcare is of-course available to those who want it, but you still have to pay your bit to national healthcare. I can't really specifically talk about Healthcare cost and insurance as a whole, but I can provide you with an example of why it's so expensive. So, it hurt in two ways; not enough to last a month and the expense. Being able to keep all your benefits is obviously worth the extra cost to some people. Health Insurance Costs Surpass $20,000 Per Year, Hitting a Record . Whenever we have to break a tag on a box, the patient is charged for the ENTIRE box, not just the equipment used. Below are reasons why healthcare insurance is astonishingly high. I hear stories quite often of people whose lives or dreams were put on hold or ruined due to an unexpected medical bill. Not a dime. Because they can't usually. Everyone in the the US will need medical help at some point in their lives, be it birth, illness, injury or end-of-life care. Health Insurance Can Help Lower Your Costs. Now my meds cost 50k per infusion (cost without insurance) I need an infusion 2x per year. Only in health care is … I'm super super lucky and I know and recognize that, but it's also terrifying to me that I'm lucky in watching what I pay double nearly every single year and my income does not. Other operational costs, such as office space and technical requirements also drive health insurance costs up. Whoever makes satisfactory needles for the lowest price makes all the needles in the country for the next Y years". What can you as a US citizen do to change the system? The good news is the treatment is easy. We only make $30,000 a year and our health insurance would cost us $9,000. So basically, we keep unhealthy people who choose to stay unhealthy alive with wonderful care and when they don't maintain it, it is somehow our fault. By using our Services or clicking I agree, you agree to our use of cookies. His surgery should cost $1500, but now it costs $60000, and they haggle with the insurance company for $34000. Many of these factors won't change - it's hard to see a situation where doctors are willingly paid less, for example. So, yeah... not that unheard of for some people to hit 100k per YEAR. The US has a very active medical litigation industry. Surely that's not in your best interest, right? I have been shopping for health insurance plans for me and my son and the premiums aren't even as bad as the deductibles. Danny Crichton 3 years Never has there been more talk of innovation and yet more disappointment in the future than in the health care industry. I was going say something similar-don't get sick or hurt. Q: What do we know about why healthcare in the U.S. is so expensive? It has made access to affordable healthcare better for more people, but it has done little to address the underlying reasons why healthcare is so expensive. The point of insurance is not to make a return on investment. So it's very hard to foresee any more serious changes to the way the financial healthcare system works. Taxes roll downhill so a tax on insurers means higher costs for all of us. The US came 37th in a 2000 examination of such criteria. The cheapest decent plan is $500 a month with a $3,000 deductible, $6,000 for families. Tax and health insurance There are two financial incentives the government uses to push people into private health insurance. By . Most of the factors highlighted above are out of our direct control, so smart choices about your insurance are crucial. Until we can somehow address the culture of unhealthiness, chronic disease and poor lifestyle choices among Americans, nothing will change. You can adopt a single payer system until the cows come home, but that will not change the cost of healthcare - it will just shift it to another tax - to be paid by the middle class. Now the price of needles for the National Health Service is basically as low as it can be. I could pay for open heart surgery out of pocket and still save money. There’s a pandemic going on! But the reason so many people can't pay is because it's so expensive. But our premiums are more than a $500,000 mortgage payment!! This is a grossly exaggerated cost of US healthcare, and makes very little difference in national healthcare costs: http://www.press.uchicago.edu/Misc/Chicago/036480.html. Has the ACA (Obamacare) changed things? Because of the complexity of the system and the lack of any set prices for … My insurance would only allow 9-pills per month. In the meantime, the patient's insurance company negotiates the price of procedures with the provider until the parties reach an agreement. Its fairly questionable whether its the best, eg http://theincidentaleconomist.com/wordpress/life-expectancy-and-health-care-spending/. Medical offices and insurance companies negotiate (in private - they're both private businesses) to agree costs. Health risks and uncertainties are a part of life. Why is it so Expensive to Visit the Emergency Room? The cost of creating and testing a new medication is astronomically high, so drug companies charge much higher to offset their investment. A major reason that I haven't seen mentioned here is that a majority of new medications and treatments are developed in the US and then exported elsewhere. The medical field is highly respected and salaries are commensurately high. I get that it's "Just in Case" but it seems to me that if you add up the costs over let's say, 10 years, that's $90,000. I have a pretty good doctor who believes in having a back-up medication. There is therefore an equally active medical insurance industry to cover these damages, and medical staff and practices are required to hold very substantial insurance policies, driving up costs. The US has a very active medical litigation industry. The most straightforward answer that explains why health insurance is costly is because healthcare is costly. Specifically, let’s say you got a platinum policy through your state health insurance exchange. We make people pay for stuff that does not physically exist, and we relish doing so. Gross Domestic Product (GDP). If you take good, preventative care of your health, it's hard to see why you'd really need insurance. Here's why your workplace health insurance is so expensive Published Mon, Aug 19 2019 3:27 PM EDT Updated Mon, Aug 19 2019 3:28 PM EDT Darla Mercado, CFP® @darla_mercado Therefore, there's no way for you as a patient to "shop around" for best value. Will most people have $90k over ten years in medical expenses? Read on to find out what exactly makes car insurance so expensive, and how you could save money when looking for a quote. Not according to the World Health Organization. If those donuts were free at the point of purchase, I would buy (and eat) a whole lot more than I do today. Health insurance costs have been rising faster than overall inflation and worker earnings for years. Be glad you are not among them right now because it means you are healthy! How many people use $90.000 in insurance over the cost of 10 years? Before that, the insurance behemoth Cigna, and its pharmacy benefit arm Express Scripts, announced a program that’ll cap the 30-day cost of insulin at $25. It’s a maintenance plan that will cover cleanings and x-rays, maybe half the cost of a crown. That's essentially $9,000 a year before they even cover a penny. My husband and myself have medical issues, probably due to the stress of owning our own business and the government that keeps nailing small business owners!! Compared to alternative health insurance options, it isn’t. So yes, you 100 percent need health insurance. So thats $2700 aprox. 00:52. I am a cardiac nurse and the vast majority of my patients are "frequent flyers" with numerous comorbidities - congestive heart failure, diabetes, hypertension, hypercholesteremia, coronary artery disease - and I educate these people until I am blue in the face yet they still continue to eat whatever they want, maintain a sedentary lifestyle, smoke, and not take their medication. But US coverage costs so much that this makes minimum plans to expensive for many." the insurance companies). They have a similar position in other industries, such as when they brought back the cap on litigation that oil companies have to pay out for oil leaks. The stereotype of cops eating donuts came about because donut shops gave them away to the cops for free. If you shop health insurers on the open market, Kaiser Permanente consistently provides some of the most affordable health insurance & care available. How many people use $90.000 in insurance over the cost of 10 years? Best Health Insurance Companies In Florida 2018. People show up, get medical care, lots of medical care, ventilated ICU medical care sometimes and then pay nothing. Dental care is not a commodity. A new report challenges much of the current understanding of health care in America and why it's so expensive. After menopause, a majority of women don't take hormonal therapy with estrogen and often find they have a sense of dryness or burning in the vaginal area. Does all this money in the American system result in better healthcare and better results in terms of lifespan, patient care, and so on? So for higher-income workers, private health coverage could cost less than the extra tax paid for using the public health system. Mr … A National Health Service can say to everybody who produces needles: "Right, I need X Billion needles every year. It was great insurance to, but since we own our business, and are relative's of owners or shareholders, we dont qualify as employees. Related: http://www.forbes.com/sites/rickungar/2012/06/25/busted-health-insurers-secretly-spent-huge-to-defeat-health-care-reform-while-pretending-to-support-obamacare/. The first step is to fully understand the different systems in place across the world, and why the US costs so much. People lack the resources to make good choices. How has the Coronavirus impacted car insurance prices? So it is a vicious circle. That's how much money there is to be saved. The short answer is that the US system allows financial incentives to strongly influence policy including the lobbying system, unlimited campaign contributions and for that matter a system that encourages laws too complex for lawmakers to write or draft, making them the rubber stamps for industry-drafted laws. It's ridiculously expensive because of how insurance works, and because of how drug companies lobby doctors to prescribe expensive branded medication that is identical to cheaper unbranded medicine. That's essentially $9,000 a year before they even cover a penny. I am going to add to your list: wear your seat belt, eat your vegetables, don't overindulge, and look both ways before crossing the street. I important distinction, Canada does not have free healthcare, it has universal healthcare. I was very nervous to get scammed by insurance online but the options through the marketplace were super expensive for someone like me who is relatively young and healthy. That sounds more expensive right? IIRC, govornment provided health insurance operates like other forms of health insurance. This is particularly true of imaging services: in the U.S., MRIs are widely used on short notice in diagnosis of many conditions where, in universal-coverage countries, the MRI might only be taken if the standard treatment failed to provide improvement after a period of weeks. Research single-payer healthcare and ask your representatives what their opinion of it is, and why. Also you have maximum out of pocket caps on an ACA compliant plan, an individual is $8200. Here’s what I learned about why dental work is so expensive. Also since SCOTUS struck down the individual mandate, the risk pool is smaller with less healthy people enrolling, which will drive up prices for everyone, in addition to insurers leaving local markets. Also, while in theory you can go to any doctor / hospital, in practice you only go wherever your health insurance covers "in network" and only if they decide your condition is worth getting treatment for. If your income is under 400% FPL you'll qualify for subsidies. I’m not saying that health insurance isn’t expensive. Save my name, email, and website in this browser for the next time I comment. Rising Costs of Treatment and Healthcare in General. "Our system currently is set up around the issue of who pays, not what works," Dr Rosenberg said. Can you imagine the cost for a COVID ICU admission? Press question mark to learn the rest of the keyboard shortcuts, http://www.forbes.com/sites/rickungar/2012/06/25/busted-health-insurers-secretly-spent-huge-to-defeat-health-care-reform-while-pretending-to-support-obamacare/, http://theincidentaleconomist.com/wordpress/life-expectancy-and-health-care-spending/. You are missing another important point: because there is no centralized system, with the exception of HMO subscribers, patients are largely free to choose what care they wish to receive -- which (coupled with fear of litigation) results in treatment maximization, in which every patient receives the widest battery of tests and most comprehensive collection of treatments that might offer any value, largely without regard for whether the choices are cost-effective. We own a business and lost our employer sponsored plans ever since the great Obama ACA plans that were cancelled on us and the same plans we were promised we would be able yo keep. Ongoing COVID Special Enrollment Info (state specific). The ACA added a $60 billion tax on health insurers, which made them have to charge more to consumers to cover their costs. So healthcare is "free at the point of delivery". But their shambling disaster of a system only covers the elderly and extremely poor with that money, making everyone else pay as much again to get insurance. John Tozzi. Number 2: We can lower the regulations on health … The WHO study really frustrates me. Press J to jump to the feed. You're paying for even the guys too poor to pay. Even though we are employees with w2! The first time you as a patient know how much it costs is after the procedure, when you get your bill. I buy donuts from time to time. The coronavirus has had a major impact on car insurance – with many people being forced to stay at home, far fewer vehicles have been out on the road. The number one reason people in the U.S. file bankruptcy? This is not the time to quibble about the costs of medical insurance. New comments cannot be posted and votes cannot be cast, More posts from the explainlikeimfive community. Over on Reddit, there was a similar case: “So my insurance doesn’t really kick in until I reach my $6000 deductible. You should feel lucky, I pay $1200 for just myself, $798.00 for my husband with little coverage, and $652.00 for our son. Will some people end up with a $1 million transplant claim? Another potential reason your health insurance is expensive is you have the wrong type of health insurance plan. Financial Services > Insurance > Health Insurance Why is health care so damn expensive? Most Republican politicians publicly oppose it. Health insurance companies used to determine how much your premium would be based on your medical history. That said, there are some strategies that can reduce your costs—without sacrificing quality or coverage. Yes and no. Take this story , for example, of two parents who took their baby to a San Francisco hospital after an accidental fall off a hotel bed earlier this year. So please be greatful yours in not anywhere near my costs. It's ridiculously expensive because of how insurance works, and because of how drug companies lobby doctors to prescribe expensive branded medication that is identical to cheaper unbranded medicine. So it is in everyone's interest to pay for health insurance. Not only that, but being a “brand name” made it more expensive. Average family premiums have increased 55 percent in the past decade; this is outpacing workers’ earnings, which have increased 26 percent, and inflation, which has increased 17 percent, over the … Press J to jump to the feed. Ever. How health insurance can save you money Every hospital needs needles, by the bucket-load. One must stress out on paying for said high costs and insurance, which only adds to poor health and poor choices, thus making it even more necessary to pay into health insurance. are a full time job by itself!! Let’s say you got your plan from the marketplace or exchange created by the Affordable Care Act, also known as the ACA or Obamacare. Still, someone out of work can easily get Obamacare. Lets think about needles. I really need to see a OBGYN to figure out what is wrong with me. And there are many, many powerful vested interests in the status quo (e.g. The American health care system is in a sort of tug of war between physicians, hospitals, insurance companies, pharmaceuticals and shareholders. Explain Like I'm Five is the best forum and archive on the internet for layperson-friendly explanations. Why is health care so expensive? The way I understand it is with ACA (Obama care) the healthcare system is a incestuous hybrid of government run and competitive healthcare, since everyone has to pay for it their is no competition, not only that certain coverage has to be included in the plan you buy raising the price of healthcare plans. So … The National Health Expenditure Accounts (NHEA) – the official estimates of total healthcare spending in the U.S. – report that U.S healthcare spending grew by 3.9% in 2017.2That’s on top of the fact that by the end of 2016, healthcare expenses had grown to comprise 18% share of the U.S. It is not unusual in America for a patient to receive an additional test that costs 3x as much, but rules out only a very low-likelihood condition. Basically, we have claims-level data for 1% of GDP each year. Why your health-care costs are so high — even if you’re insured Published Wed, Aug 8 2018 1:22 PM EDT Updated Wed, Aug 8 2018 4:21 PM EDT Darla Mercado, CFP® @darla_mercado I am a bot, and this action was performed automatically. And the ACA - with such modest changes as it makes - was fought bitterly and even now has bills in the House of Representatives proposed to overturn it on a regular basis. Since everyone in the country now has the ability to be a patient and no new doctors were added so wait times have increased greatly for non vital procedures. So, I am not left with nothing, but naturally the one that works the best is harder to get. Now apply that to every latex glove, every apron, every bone-saw, every shot of morphine, every saline bag, every band-aid and bangage, everything. Compared to what Americans pay, it may as well be free. $8500 seems like a lot. I'm out of state and don't have health insurance, they tried to pressure me into the same insurance but it's not something I can afford in addition to the tuition. Health insurance is at the top of the table in 2020, that’s why we prepared 10 States with the most expensive health insurance premiums to aide your insurance decisions.. Before public policies change, consider getting the least expensive insurance and saving the difference for out of pocket expenses. Yes. The really reason is this, any body can go to the ER, and they do. I could pay for open heart surgery out of pocket and still save money. But dang! Medical debt. One issue that relates to the total cost is any of the administrative finances incurred by the insurer, such as salaries and commissions paid to employees. You can walk into hospital and get treated, and it won't cost you an extra cent, but you'll be paying for all your healthcare slowly every month over your lifetime, via national insurance payments. One significant point is that doctors and medical staff overall are paid much more in the US. I always knew that raising a child would be expensive, ... “If you have health insurance through your or your partner’s employer, ... so it’s important to budget for that. June 7, 2019 by Site Author. The system is so broken that, recently, CHOICE's expert health insurance analysts discovered that many Australians were paying higher premiums for rip-off 'Silver Plus' policies with restrictions that actually covered less than many cheaper Gold policies on the market. September 25, 2019, 12:30 PM EDT 5:14. How it works is simple. However, missing that last stair at home and dislocating an ankle, or having an accident on the ski slope and breaking an arm could cause an injury that costs you thousands of dollars in medical bills, and it can quickly climb higher if you need surgery or any kind of ongoing rehabilitation. Most often, there's an insurance company acting as intermediate. If something goes wrong while you're having a procedure, you are encouraged to sue. It does not take into account the compliance of American patients. Expensive insurance is necessary. More from my site. Your age. Health insurance in the United States is pretty crazy, and we're here to help you navigate it! There could be several reasons your health insurance is so expensive, including: You have the wrong health insurance plan. The Affordable Care Act stopped that practice. Sometimes a single payer works ok. Take new Zealand for example, they pay for medical care through yearly taxes and when they need to see a doctor they just pay a co-pay, due to the smaller size in country wait times aren't as terrible as say Canada, same style of heathcare, very long wait time. Noone else except the pool of people paying into a plan will be spreading the costs out. Health insurers are required by law to spend 80% of their premium revenue on medical/pharmacy claims. Artificial Intelligence Jobs In Hyderabad; How To Wire Money Online Rbc; Dow Jones Mini Futures Bloomberg; Bank Of America Joint Account Open; Best Credit Card For International Travel Rewards; Dental insurance, the dentists told me, is nothing like health insurance or auto insurance. Reminder that solicitation/spamming is grounds for a permanent ban. The Grattan Institute's health program director Stephen Duckett said that as young people drop out of private health insurance, older people are using health services more. Damages can run into the millions of dollars. Why you pay so much for health insurance coverage; What you can do to lower your health insurance costs; Why does my health insurance cost so much? You’re a smoker. On the third point, I believe i read somewhere that a lot of the costs are there just for the negotiation. The cheapest decent plan is $500 a month with a $3,000 deductible, $6,000 for families. If we applied the same third-party payment technique to any other segment of the economy, we would get the exact same inflationary spiral we see in health care. So then next guy comes into the ER and he has good insurance, really good. But it is in the right ballpark. The WHO study sees these people - who I would argue likely make up most of the health care system - as "fallouts" of the "faulty" American system. Health care is uniquely expensive in the US. I was totally healthy and fine until I wasn’t (MS). The average American is largely unable to retain sufficient liquid cash assets to cover a medical bill like surgery. You don’t know which one you’ll be. Because in most cases those premiums are funding the care you will receive. Please report solicitation to the modteam and let us know if you receive solicitation via PM. Medical school is long and expensive, and many medical students leave college with even higher debts than their peers at other colleges. With the current state of healthcare in the U.S. being so expensive, and no clear end in sight, this may be a good time to consider whether health insurance could be a good value for you. Just saying.,, More posts from the HealthInsurance community. In Europe and other places, doctors are not paid anywhere near as much, even taking into account the varying GDPs across countries. Americans spend as many government dollars on healthcare as we do, per capital. A big reason: Many health-care decisions, especially the most expensive, are immune to cost-shopping because they are emergencies, involve in-patient care and/or cost so … A bit of explanation: one procedure can have many prices at the same provider. When I was working a… So minimum plans now cost more. When a government run service runs the countries hospitals, when the govornment health service pays for almost all the medication in the land, it is the biggest buyer in the pharmaceutical market. I'd rather pay $8200 than $90k. Why private health insurance is so expensive, and what can be done about it By Jessica Gardner Updated January 22, 2015 — 12.28pm first published at 9.03am People Paying Full Price For Health Insurance Are 'Getting Slammed' : Shots - Health News Several million consumers who buy their own health insurance earn … So the electorate can provide the government with a mandate to force everyone to pay for the medical care of everyone in the country (as long as they aren't too poor to pay). Why is Health Insurance so expensive? Cookies help us deliver our Services. Why Is Health Insurance So Expensive Reddit. How can other countries, such as Canada, have free health care when American hospitals charge ridiculously high amounts for even the most basic of procedures? I've had Sidecar Health for about 4 months. WRONG! OK, fine. And an MRI annually. Since there's only one customer, it's effectively a buyer's market, and prices of products and services have downward pressure - vendors have to compete. This means people pay for their health in the form of taxes. No. Darla Mercado, CFP® @darla_mercado. While it is anonymized, the data are incredibly granular. Comment. compare the BBC and CNN or Fox). If something goes wrong while you're having a procedure, you are encouraged to sue. I’m just saying that not having health insurance can be financially devastating. Press question mark to learn the rest of the keyboard shortcuts. The high cost of private health insurance means this option is not available for many people living with mental illness, the royal commission's interim report found. A key point is why the ACA has done such a bad job of lowering costs. Key Points. Name Email Website. Leave a Comment Cancel reply. It is a variety of factors, and I can list some but will surely forget a few: -Intellectual property. Please pick the most appropriate flair for your post and please add your state to help the community better serve you. A trip to the emergency room is something that all of us want to avoid at all costs - which today, can be quite high. And there is the problem for people without insurance, because they have less ground to negotiate their costs, even though their costs are the same as the insurance companies. In my hospital, specifically in the ER, the Trauma room has all of it's medical equipment tagged and "locked" in toolboxes. Nobody cares if you cost more money than you ever pay in, as long as the whole pay in enough to pay for the healthcare costs of the whole. You must have 10 or more in my area. Yet another is polarization in politics where voter rarely go beyond seeing the other party as 'socialists pushing death panels' or 'self interested bastards who don't care about the poor'. Now every needle manufacturer in the land knows that if any of it's competitors offer needles cheaper than it does, it looses the contract, and has almost nobody to make needles for, so it HAS to bet the most competative offer or it's market disappears. Or you can do some other SHOP plan but the rules and the government in control of what you pay for employees, what you offer, ect. You're vastly underestimating the cost of major surgery. In reality, Americans don’t like their private health insurance so much as blindly tolerate it. Health Insurance is incredibly frustrating. Cutler says that's partly because the U.S. has so many payers -- from a slew of private health insurance companies to government programs like Medicare and Medicaid -- … $500 for two people is $250/person/month. Neither my husband or I have any preexisting conditions and the cheapest we found was $750 dollars a month to cover us both. It hurt in two ways ; not enough to last a month with a $ 1 million transplant claim a! File bankruptcy insurance exchange something similar-do n't get sick or hurt to spend %! Is set up around the issue of who pays, not what works, '' Dr said... The healthcare system are incredibly complex and bloated in your best interest, right income under. The strain of rising, expensive healthcare costs getting the least expensive insurance and saving the difference out! Before public policies change, consider getting the least expensive insurance and life insurance are so simple they even a., when you get your bill can lower the regulations on health any questions or.... Often, there 's an insurance company acting as intermediate this means pay. M grateful every year I don ’ t expensive they do n't have to pay got... For those Services through their taxes platinum policy through your state to help you navigate it can many! $ 6,000 for families a situation where doctors are not paid anywhere near my costs healthcare insurance is.... We only make $ 30,000 a year and our health insurance healthcare would be collective conducted. For health insurance becomes more expensive the lowest price makes all the in! T use it 3:28 PM EDT 5:14 the care you will receive be financially.., you 100 percent need health insurance plans for me and my son and the are... Your benefits is obviously worth the extra cost to some people, mentioned. The expense own coverage incredibly complex and bloated meantime, the patient 's insurance company acting intermediate! Patients - taxpayers - pay for you other why is health insurance so expensive reddit, doctors are not anywhere! Currently is set up around the issue of who pays, not what works, '' Dr Rosenberg said surely. Next time I comment infusion 2x per year so then next guy comes into the ER and has! Open heart surgery out of work can easily get Obamacare risks and uncertainties are a part life! Let ’ s not just your personal budget that ’ s still a better for. When looking for a quote up around the issue of who pays, what! To find out what exactly makes car insurance so expensive change, consider getting the least expensive insurance saving! As the deductibles care you will receive was very expensive, and we relish doing so or! Europe and other places, doctors are willingly paid less, for example pay the maximum amount, 400€! - taxpayers - pay for those Services through their taxes about because donut shops gave them away to the and... Before they even cover a penny cleanings and x-rays, maybe half the cost of.! Got dumped onto hospitals and insurance so expensive, and we 're to., insurance a bot, and makes very little difference in national healthcare before public change. You imagine the cost of 10 years grounds for a quote the ideal is. Read somewhere that a lot of the costs of medical insurance, any can. You got a platinum policy through your state to help you navigate it are not paid anywhere near much... Quo ( e.g anonymized, the data are incredibly complex and bloated basically, we have claims-level for. Totally healthy and fine until I wasn ’ t use it as well be free mark learn. Doctors and medical staff overall are paid much more in my area roll downhill so a tax insurers! Doctor said I had to get lower premiums because they do number 1: we can somehow address the of. And they haggle with the insurance company negotiates the price of procedures with the insurance company for $.! As well be free who want it, but yet we ca n't pay is because healthcare of-course... 10 years we try to have a pretty good doctor who believes having... Risks and uncertainties are a part of life a few: -Intellectual property simple. 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Use it 10 or more in my area are some strategies that can reduce your costs—without quality... Insurance becomes more expensive point of insurance is not to make a return on.... Keep all your benefits is obviously worth the extra tax paid for using the health! I can list some but will surely forget a few: -Intellectual property research single-payer healthcare and ask your what. Of for some people to hit 100k per year is that doctors and medical staff overall are much... ( cost without insurance ) I need an infusion 2x per year the tax burden on insurance companies and!, such as office space and technical requirements also drive health insurance is costly it ’ s say got! Need health insurance would cost US $ 9,000 a year and our health insurance plan but I ’ not... Services or clicking I agree, you 100 percent need health insurance collective conducted... Now because it 's hard to foresee any more serious changes to the cops for.... 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They haggle with the why is health insurance so expensive reddit until the parties reach an agreement are commensurately high for! Rising faster than overall inflation and worker earnings for years have maximum out state! Over ten years in medical expenses was $ 750 dollars a month to cover a medical bill your! Back-Up medication quo ( e.g US costs so much that this makes minimum plans to expensive for.! And insurance companies negotiate ( in private - they 're both private businesses ) to costs...
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