Why is health care insurance so expensive?
Answer:
Why does my arms ache after i played volleyball?
Well, for citizens in GROUP plans, everyone’s premium is equal, and determined by averaging the risk for the group. That works out great for the sickest guy in the group, as he’s paying less than he would if buying insurance base on his personal health, but it’s not so hot for the youthful, healthy individual who ends up paying more. That’s why I’m looking at INDIVIDUAL health protection plans, where the rate is base on MY health and age. In certainty, I saw something online that is pretty cool, and I’m surprised not a soul thought of it sooner. There’s a company called Precedent offering low cost individual vigour plans in Texas for babyish, reasonably in shape people. You buy into a plan at a super low cost beside fixed benefits that will cover the typical activities and preventative comfort of a healthy soul. Then, if something catastrophic happens, you own the option to catch additional level of coverage, even AFTER the event. You’d have to check it out for more details, but within appear to be options for those like me who can’t afford outrageous premiums, http://www.precedent.com Even if you’re not contained by Texas, my understanding is that they’ll be offering plans in supplementary states soon. Hope this helps!
Wat do you suppose about the smoking strip ?!!?
because health thought itself is so expensive. And there are copious reasons for that:Charity or deadbeat cases that don't income (I'm not saying those are the same)
Frivolous Lawsuits driving up malpractice insurance and scare doctors into ordering tons of unnecessary test just so they can protect themselves IF.
Pharmaceutical companies have give or take a few 5 years to recoup the literally BILLIONS of dollars it costs to pilfer a drug to market, earlier other companies can make generic version and undercut them .
Those are just a few factor going into a very complicated issue.
I get very dizzy and fell down after not ingestion for 12 hours, is that normal ?
ooooh i know this one!because they don't reimburse providers adequate, so providers have to lift their overall prices, so insurance companies raise their rates next to the reasoning that providers prices are too high, when they don't money providers any more $$
its all a big scam
Health provider and administrator's ego. Everyone think they should get more than the other resulting in spiraling salary.
From what a relative who is in family unit practice tells me malpractice insurance and administrative costs are the two most important causes.
Although he's never be sued he still must pay almost $100K contained by malpractice insurance annually. And to stay covered AFTER he retires he will have to reward about $80K for five years. That is a stout nut to have to crack every year.
There is in reality more money spent by medical practices handling paperwork at all level than is actually spent on diagnostics and treatment. That is why two Tylenol given to you by a nurse surrounded by a hospital costs more than two bottles of Tylenol bought in a drug store.
There are other factor that increase cost but those are the two worst. And here's another thing to consider. Insurance companies are designed to NEVER lose money. Insurance companies bet something isn't going to transpire. When you buy insurnace you are betting something will. Either way YOU are going to reward for it.