The average premium for a family health insurance policy through an employer has increased 43% over the past 10 years, from $15,745 in 2012 to $22,463 this year. That’s according to the Kaiser Family Foundation, which conducts annual surveys to arrive at the cost of employer-sponsored coverage.
Great article, Wendell, you hit the nail on the head. Health insurance is bloated, incentives are perverse and we continue to see more cost burden shifted to the consumer - what's the point of insurance if you have to pay tens of thousands of dollars before coverage even kicks in?
At CrowdHealth, we're providing an affordable alternative utilizing healthcare crowdfunding. consumerism and bitcoin. We facilitate crowdfunding for individual's health events over $500 and negotiate on our members behalf, getting over 50% off health care bills. To answer your question Gail, I believe our new model of decentralized, community based approach where people take control of their own health and utilize other tools like telemedicine, discount drugs/labs and care advocate support to navigate care is the answer. Check us out at https://www.joincrowdhealth.com/ or feel free to email me at jon@joincrowdhealth.com
Insurance became the norm when some people found that doctors were increasing their pay as you go prices and driving around in cars worth more that some peoples homes. It started in unions as a benefit. Today Insurance is building buildings, contracting with pharmacies (CVS & Aetna), and generally making a mint while denying claims for services that are life saving.
Great article, Wendell, you hit the nail on the head. Health insurance is bloated, incentives are perverse and we continue to see more cost burden shifted to the consumer - what's the point of insurance if you have to pay tens of thousands of dollars before coverage even kicks in?
At CrowdHealth, we're providing an affordable alternative utilizing healthcare crowdfunding. consumerism and bitcoin. We facilitate crowdfunding for individual's health events over $500 and negotiate on our members behalf, getting over 50% off health care bills. To answer your question Gail, I believe our new model of decentralized, community based approach where people take control of their own health and utilize other tools like telemedicine, discount drugs/labs and care advocate support to navigate care is the answer. Check us out at https://www.joincrowdhealth.com/ or feel free to email me at jon@joincrowdhealth.com
Insurance became the norm when some people found that doctors were increasing their pay as you go prices and driving around in cars worth more that some peoples homes. It started in unions as a benefit. Today Insurance is building buildings, contracting with pharmacies (CVS & Aetna), and generally making a mint while denying claims for services that are life saving.
Time for a change. What will the new plan be?