Health Insurance At Work – 219 DSR

July 31, 2016

In this audio we discuss:
How long has health insurance been in America?
What’s happened to the cost in the last 15 yrs.
Why is it so expensive?
Your role in changing it if you’re not happy with what you’re paying.

Chuck Bartok’s MRI story. $2k via insurance. Had to call several local doctors to find one that took cash. Cost, $500.

According to the US Census Bureau, about 9% of Americans are covered under health insurance purchased directly by themselves, not through an employer.

Why is health care so expensive?
Not enough employees for discount?
Why all pitching money into large pot to get better rate?
Technology should mean higher volume, lower price.

I say it’s the cheap deductible.
I say no one looks at the itemized bill.
I say consolidation of power in insurance companies = monopoly on price.

Googled Ticker symbol for BlueCross/Blue Shield:
Top google hit: Wellpoint. takes you to Anthem

Other ways to ensure better health?
Improve your diet, exercise, quit smoking, start or improve your spiritual practice, maintain good financial health.

Health Care Cost Increases
WalMart dirty profit scheme
Big Bank dirty profit schemes

Get Your Mind Straight. Get Your Money Straight.
Debt Shepherd 2016, All Rights Reserved

Greg Whitaker

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Greg is a financial wellness educator, tireless ambassador for financial literacy, and the founder of Debt Shepherd.