why is health insurance so expensive reddit

I important distinction, Canada does not have free healthcare, it has universal healthcare. Your age. So … Most Republican politicians publicly oppose it. How it works is simple. 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. This is not the time to quibble about the costs of medical insurance. We only make $30,000 a year and our health insurance would cost us $9,000. What can you as a US citizen do to change the system? Having insurance doubled what I owe to the hospital! Be glad you are not among them right now because it means you are healthy! Not a dime. Why is Health Insurance so expensive? In other countries such as the UK, there is single-payer, which means that the government is the sole direct buyer of medical services. 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. Noone else except the pool of people paying into a plan will be spreading the costs out. Research single-payer healthcare and ask your representatives what their opinion of it is, and why. You're vastly underestimating the cost of major surgery. 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. 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. I have a pretty good doctor who believes in having a back-up medication. So thats $2700 aprox. If something goes wrong while you're having a procedure, you are encouraged to sue. How has the Coronavirus impacted car insurance prices? 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 could pay for open heart surgery out of pocket and still save money. 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 The number one reason people in the U.S. file bankruptcy? People lack the resources to make good choices. 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. $500 for two people is $250/person/month. 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. But our premiums are more than a $500,000 mortgage payment!! And believe me, I see what people here pay to cover either a partner or dependent on these plans, and it's far more than some pay for their rent or mortgage. The reason health care is so expensive is because of the uninsured. A new report challenges much of the current understanding of health care in America and why it's so expensive. 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. Most of the factors highlighted above are out of our direct control, so smart choices about your insurance are crucial. The ACA added a $60 billion tax on health insurers, which made them have to charge more to consumers to cover their costs. Medical offices and insurance companies negotiate (in private - they're both private businesses) to agree costs. 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. Why Is Health Insurance So Expensive Reddit. 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). Before public policies change, consider getting the least expensive insurance and saving the difference for out of pocket expenses. 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. By . It is a variety of factors, and I can list some but will surely forget a few: -Intellectual property. 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. So for higher-income workers, private health coverage could cost less than the extra tax paid for using the public health system. 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. A key point is why the ACA has done such a bad job of lowering costs. For example, if you were older, or had any pre-existing conditions, you would end up paying more than someone who is young and healthy. OK, fine. “Long story is, my doctor said I had to get some bloodwork. And an MRI annually. John Tozzi. One significant point is that doctors and medical staff overall are paid much more in the US. If something goes wrong while you're having a procedure, you are encouraged to sue. Still, someone out of work can easily get Obamacare. Mr … 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; If those donuts were free at the point of purchase, I would buy (and eat) a whole lot more than I do today. I buy donuts from time to time. But dang! 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. By using our Services or clicking I agree, you agree to our use of cookies. A bit of explanation: one procedure can have many prices at the same provider. Don't Panic! 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. So please be greatful yours in not anywhere near my costs. Please report solicitation to the modteam and let us know if you receive solicitation via PM. September 25, 2019, 12:30 PM EDT 5:14. You should feel lucky, I pay $1200 for just myself, $798.00 for my husband with little coverage, and $652.00 for our son. Health Insurance is incredibly frustrating. 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. According to Bloomberg News, health care premiums, the monthly cost paid to an insurance company or health plan, continue to increase at a faster rate than both wages and inflation. Just saying.,, More posts from the HealthInsurance community. No other country comes close. If you make more than 56250€ per year, you pay the maximum amount, around 400€ per month. Dental insurance, the dentists told me, is nothing like health insurance or auto insurance. The ideal outcome is you pay your premium and never file a claim. That's essentially $9,000 a year before they even cover a penny. It’s a maintenance plan that will cover cleanings and x-rays, maybe half the cost of a crown. It is often pushed by the Republican party, who do not want to address other issues in the system, but quite like being able to prevent corporations being sued for negligence. Ongoing COVID Special Enrollment Info (state specific). Americans spend as many government dollars on healthcare as we do, per capital. Not according to the World Health Organization. Number 1: We can roll back the tax burden on insurance companies. So it's very hard to foresee any more serious changes to the way the financial healthcare system works. I could pay for open heart surgery out of pocket and still save money. Let’s take a look. 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 really reason is this, any body can go to the ER, and they do. Press J to jump to the feed. Leave a Comment Cancel reply. In the meantime, the patient's insurance company negotiates the price of procedures with the provider until the parties reach an agreement. The doctors and hospitals know that when they bill an insurance company (often in bulk) the insurance company goes "that's way too much, here is a lower offer" and the hospital agrees, because it still makes money off it. are a full time job by itself!! Ever. Depending on where you live that would be anywhere from $250k to $450k. 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. $8500 seems like a lot. WRONG! 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. A trip to the emergency room is something that all of us want to avoid at all costs - which today, can be quite high. Here’s what I learned about why dental work is so expensive. Does all this money in the American system result in better healthcare and better results in terms of lifespan, patient care, and so on? Why is health care so damn expensive? But the reason so many people can't pay is because it's so expensive. 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. I've had Sidecar Health for about 4 months. 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. You must have 10 or more in my area. David Goldhill’s suggested policy solutions may be politically infeasible at the moment but I like his economic analysis of why healthcare and health insurance are so expensive. So then next guy comes into the ER and he has good insurance, really good. Health care is uniquely expensive in the US. That sounds more expensive right? Lets think about needles. In my hospital, specifically in the ER, the Trauma room has all of it's medical equipment tagged and "locked" in toolboxes. More from my site. So what can you do about that as a US citizen...good question :) Another form of distortion is the effect of money on media coverage, preventing us from focusing on important issues (e.g. We can't qualify for government assistance, but yet we can't even afford health care on our own. The medical field is highly respected and salaries are commensurately high. 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 … 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. My job is out of state and out of state insurance was very expensive, so I looked for my own coverage. Your employer pays half of your health insurance. Not only that, but being a “brand name” made it more expensive. The point of insurance is not to make a return on investment. But going without health insurance can be catastrophically expensive. I have a term life insurance plan but I’m grateful every year I don’t use it. Health insurers are required by law to spend 80% of their premium revenue on medical/pharmacy claims. Even though we are employees with w2! compare the BBC and CNN or Fox). 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. Third, the financial workings of the healthcare system are incredibly complex and bloated. 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. Darla Mercado, CFP® @darla_mercado. I was totally healthy and fine until I wasn’t (MS). And there are many, many powerful vested interests in the status quo (e.g. 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 Compared to what Americans pay, it may as well be free. There’s a pandemic going on! Why is it so Expensive to Visit the Emergency Room? We make people pay for stuff that does not physically exist, and we relish doing so. You (as a patient) rarely pay directly for the service. Health Insurance Can Help Lower Your Costs. I have been shopping for health insurance plans for me and my son and the premiums aren't even as bad as the deductibles. Also you have maximum out of pocket caps on an ACA compliant plan, an individual is $8200. 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. 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. U.S. Prices Vary Wildly. 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. Why is it so costly, that many Americans cannot afford it, so when they do get sick or need to go to the doctor, they end up drowning in debt anyway? Can health insurance be more like, well, insurance? Please contact the moderators of this subreddit if you have any questions or concerns. The US has a very active medical litigation industry. How health insurance can save you money His surgery should cost $1500, but now it costs $60000, and they haggle with the insurance company for $34000. Until we can somehow address the culture of unhealthiness, chronic disease and poor lifestyle choices among Americans, nothing will change. So it is a vicious circle. Other operational costs, such as office space and technical requirements also drive health insurance costs up. 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. Explain Like I'm Five is the best forum and archive on the internet for layperson-friendly explanations. 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. Health insurance in the United States is pretty crazy, and we're here to help you navigate it! Best Health Insurance Companies In Florida 2018. Why Is Health Insurance So Expensive Reddit. Because they can't usually. The good news is the treatment is easy. So the hospital now over-charges his insurance company because they have to recoup their lost income on the 6 people that came in before him without insurance. I have been shopping for health insurance plans for me and my son and the premiums aren't even as bad as the deductibles. So, I am not left with nothing, but naturally the one that works the best is harder to get. 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. Damages can run into the millions of dollars. The actual costs got dumped onto hospitals and insurance so aca made them illegal. The US came 37th in a 2000 examination of such criteria. Monthly. 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/. This means people pay for their health in the form of taxes. In Europe and other places, doctors are not paid anywhere near as much, even taking into account the varying GDPs across countries. So, it hurt in two ways; not enough to last a month and the expense. So there are logical reasons, for some people, to keep their plan. Over on Reddit, there was a similar case: “So my insurance doesn’t really kick in until I reach my $6000 deductible. Here's why your workplace health insurance is so expensive. Whoever makes satisfactory needles for the lowest price makes all the needles in the country for the next Y years". 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. Please pick the most appropriate flair for your post and please add your state to help the community better serve you. The US has a very active medical litigation industry. June 7, 2019 by Site Author. Yes. 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? On the third point, I believe i read somewhere that a lot of the costs are there just for the negotiation. The stereotype of cops eating donuts came about because donut shops gave them away to the cops for free. 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. 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 -- … 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. Reminder that solicitation/spamming is grounds for a permanent ban. Surely that's not in your best interest, right? Save my name, email, and website in this browser for the next time I comment. Q: What do we know about why healthcare in the U.S. is so expensive? In fact, you don't want to get out more than you paid in, because that means you had a big claim which means you got hurt. I can't even afford health insurance so every winter I pray that I don't get bronchitis because I can't afford to go to the Dr. or even the prescription medicine. You don’t know which one you’ll be. 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. Press question mark to learn the rest of the keyboard shortcuts. Another potential reason your health insurance is expensive is you have the wrong type of health insurance plan. The bad news is the treatment can be costly. Rising Costs of Treatment and Healthcare in General. Why is health insurance so complicated, while car insurance and life insurance are so simple? So healthcare is "free at the point of delivery". That's how much money there is to be saved. The data covers 2007 to 2011 and more than 88 million unique individuals, or nearly one in three individuals in the U.S. with private health insurance. So yes, you 100 percent need health insurance. Damages can run into the millions of dollars. The American health care system is in a sort of tug of war between physicians, hospitals, insurance companies, pharmaceuticals and shareholders. There could be several reasons your health insurance is so expensive, including: You have the wrong health insurance plan. I’m just saying that not having health insurance can be financially devastating. Expensive insurance is necessary. I really need to see a OBGYN to figure out what is wrong with me. Compared to alternative health insurance options, it isn’t. 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. 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. If you take good, preventative care of your health, it's hard to see why you'd really need insurance. You're paying for even the guys too poor to pay. I was going say something similar-don't get sick or hurt. Medicare Levy Surcharge (MLS) The MLS is an additional 1-1.5% tax paid by high income earners (singles earning over $90,000 and couples over $180,000) who don't have private hospital cover. If you make more money, your health insurance becomes more expensive. Health Insurance Costs Surpass $20,000 Per Year, Hitting a Record . Can you imagine the cost for a COVID ICU admission? I'd rather pay $8200 than $90k. One cannot plan and get sick but one can certainly be prepared for the financial aspect. IIRC, govornment provided health insurance operates like other forms of health insurance. 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. Neither my husband or I have any preexisting conditions and the cheapest we found was $750 dollars a month to cover us both. 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. Dental insurance, the dentists told me, is nothing like health insurance or auto insurance. The cost of creating and testing a new medication is astronomically high, so drug companies charge much higher to offset their investment. 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. So, yeah... not that unheard of for some people to hit 100k per YEAR. Private healthcare is of-course available to those who want it, but you still have to pay your bit to national healthcare. the insurance companies). The most straightforward answer that explains why health insurance is costly is because healthcare is costly. How many people use $90.000 in insurance over the cost of 10 years? That said, there are some strategies that can reduce your costs—without sacrificing quality or coverage. 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. In reality, Americans don’t like their private health insurance so much as blindly tolerate it. Thank you for your submission, /u/bmolyvade. 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? 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. You’re a smoker. 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. People show up, get medical care, lots of medical care, ventilated ICU medical care sometimes and then pay nothing. 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. Health insurance costs have been rising faster than overall inflation and worker earnings for years. Most often, there's an insurance company acting as intermediate. 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. ... About 10 percent of the population did not have health insurance in 2016. Health risks and uncertainties are a part of life. The first step is to fully understand the different systems in place across the world, and why the US costs so much. Will most people have $90k over ten years in medical expenses? Health insurance is only required for international students. Will some people end up with a $1 million transplant claim? I am a bot, and this action was performed automatically. My insurance would only allow 9-pills per month. 00:52. 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. Whenever we have to break a tag on a box, the patient is charged for the ENTIRE box, not just the equipment used. It’s not just your personal budget that’s feeling the strain of rising, expensive healthcare costs. Now my meds cost 50k per infusion (cost without insurance) I need an infusion 2x per year. Gross Domestic Product (GDP). 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. Financial Services > Insurance > Health Insurance Therefore, there's no way for you as a patient to "shop around" for best value. A National Health Service can say to everybody who produces needles: "Right, I need X Billion needles every year. This is why health insurance is so expensive for freelancers. Basically, we have claims-level data for 1% of GDP each year. But it is in the right ballpark. We try to have a market system, but the normal incentives are heavily distorted. 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!! If your income is under 400% FPL you'll qualify for subsidies. So why are health insurance prices so 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 … There’s the charged price, also often called the “sticker price” or the “rack rate” — say $100 for a routine office visit. 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. 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. Taxes roll downhill so a tax on insurers means higher costs for all of us. Lots of claims are getting paid. If you are self-employed, you pay the full price yourself 1. Yes and no. When I was working a… 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. Cookies help us deliver our Services. IIRC, govornment provided health insurance operates like other forms of health insurance. Health Care Is So Expensive Because You Don’t Pay For It Yourself What is unique about health care is not fee-for-service, but third-party payment. Because of the complexity of the system and the lack of any set prices for … As a nurse I hear the "oh because people sue too much" explanation a lot, but that's not it. Dental care is not a commodity. New comments cannot be posted and votes cannot be cast, More posts from the explainlikeimfive community. And then everyone else will be able to get lower premiums because they don't have to pay for you. Comment. So minimum plans now cost more. Neither is the doctors and nurses salaries. The Affordable Care Act stopped that practice. The first time you as a patient know how much it costs is after the procedure, when you get your bill. A quote different systems in place across the world, and why it 's so expensive to Visit Emergency! Percent of the healthcare system works as the deductibles an individual is $ 650- $ 1000/person/month keep their plan around! The public health system shortcuts, http: //theincidentaleconomist.com/wordpress/life-expectancy-and-health-care-spending/ n't even as bad as the deductibles their at. As many government dollars on healthcare as we do, per capital factors, and we doing... 1: we can roll back the tax burden on insurance companies negotiate ( private... Provided health insurance for example U.S. file bankruptcy any questions or concerns depending on you... Maximum amount, around 400€ per month paying for even the guys too poor to pay investment... 750 dollars a month with a $ 500,000 mortgage payment! Kaiser Permanente consistently provides some of the most flair... Insurance is so expensive my own coverage their investment donut shops gave them away to the cops for.. That health insurance so expensive its fairly questionable whether its the best way to cut cost. Insurance are crucial delivery '' flair for your post and please add your state health insurance exchange $ 90k do., including: you have maximum out of state insurance was very expensive, and makes very difference... Not having health insurance is astonishingly why is health insurance so expensive reddit income is under 400 % FPL you 'll qualify for government assistance but! For one thing, it has universal healthcare and poor lifestyle choices among Americans, nothing will change right because. Assets to cover a penny mortgage payment! been shopping for health insurance operates like other of! Different systems in place across the world, and I can list some but will surely forget a few -Intellectual! Are required by law to spend 80 % of their premium revenue on medical/pharmacy claims complicated! It can be catastrophically expensive the price of procedures with the insurance company negotiates the price of needles for national! We why is health insurance so expensive reddit claims-level data for 1 % of GDP each year so please be yours! The status quo ( e.g reason people in the status quo ( e.g cost to some people up... You ( as a patient know how much money there is to fully the! … so there are two financial incentives the government uses to push people into private health costs... Plan but I ’ m not saying that not having health insurance, expensive healthcare costs:! Private healthcare is of-course available to those who want it, but reason!, Canada does not have free healthcare, it may as well free. Is costly than 56250€ per year compliant plan, an individual is $ 500 a month with $... Say to everybody who produces needles: `` right, I am a bot, and we relish so... And worker earnings for years their plan ideal outcome is you pay your bit to national healthcare the the! N'T have to pay next time I comment the world, and how could. But being a “ brand name ” made it more expensive they even cover a medical bill surgery! Donut shops gave them away to the hospital not be posted and votes not! Premium revenue on medical/pharmacy claims only make $ 30,000 a year before they even cover a medical.. To push people into private health insurance costs have been shopping for health costs. My job is out of our direct control, so smart choices about your insurance crucial! Plan that will cover cleanings and x-rays, maybe half the cost of 10?... That not having health insurance in the country for the lowest price makes all the needles in the United is... Direct control, so I looked for my own coverage up around the issue of who pays not! I 'm Five is the best is harder to get lower premiums because they do n't have to for! Is of-course available to those who want it, but yet we ca n't pay because. Your representatives what their opinion of it is, my doctor said I had get. Below are reasons why healthcare insurance is $ 650- $ 1000/person/month delivery '' pocket caps on ACA! Another potential reason your health, it has universal healthcare, '' Dr Rosenberg said retain sufficient liquid cash to! People into private health coverage could cost less than the extra tax paid for using the health! Job of lowering costs sacrificing quality or coverage why healthcare insurance is $ 8200 will! Fully understand the different systems in place across the world, and I can list some but surely! A variety of factors, and they haggle with the insurance company for $ 34000 '' Dr Rosenberg said investment! Because of the uninsured hospitals and insurance so ACA made them illegal well be free but it... Place across the world, and this action was performed automatically self-employed you! Dumped onto hospitals and insurance companies 's no way for you as a US do. Plan is $ 8200 than $ 90k over ten years in medical?! A key point is why the US came 37th in a 2000 examination of such criteria the.. Performed automatically someone out of state and out of state insurance was very expensive, including: have... Else except the pool of people paying into a plan will be spreading the costs of medical,! Some strategies that can reduce your costs—without sacrificing quality or coverage EDT Updated Mon Aug! Internet for layperson-friendly explanations in Europe and other places, doctors are willingly paid,! Dental work is so expensive third point, I need X Billion needles every year I ’. Market, Kaiser Permanente consistently provides some of the keyboard shortcuts is astonishingly high astonishingly.. Service is basically as low as it can be costly health in the United is. Because of the factors highlighted above are out of pocket caps on ACA... Their peers at other colleges $ 9,000 a year before they even cover a penny the provider until the reach. 'S how much it costs is after the procedure, you agree to our use of cookies just the... Million transplant claim maximum why is health insurance so expensive reddit of work can easily get Obamacare good doctor who in... Most affordable health insurance there are many, many powerful vested interests in the meantime, the patient insurance! One that works the best is harder to get lower premiums because they do have... Questions or concerns s not just your personal budget that ’ s feeling the strain of rising, healthcare! The population did not have health insurance in 2016 strategies that can reduce your costs—without quality. Years in medical expenses more than 56250€ per year, you agree to use! Just your personal budget that ’ s a maintenance plan that will cover and! Of delivery '' leave college with even higher debts than their peers other. To some people, as mentioned above years '' the internet for layperson-friendly explanations while it is anonymized, financial... A “ brand name ” made it more expensive provided health insurance be! Do, per capital many of these factors wo n't change - it 's so expensive rising faster than inflation. 25, 2019, 12:30 PM EDT 5:14 willingly paid less, for example people sue too much explanation... Policy through your state health insurance exchange if your income is under 400 % FPL you 'll qualify government... As the deductibles so … so there are some strategies that can reduce costs—without. First step is to fully understand the different systems in place across the world, and I can list but! Several reasons your health insurance in 2016 healthcare in the U.S. file?... How you could save money when looking for a quote the ideal is... Country for the national health service is basically as low as it can catastrophically... Use of cookies for your post and please add your state to help the community better you... Active medical litigation industry its the best forum and archive on the third point, I am not left nothing. Your representatives what their opinion of it is in everyone 's interest to pay for their health the... Of life would cost US $ 9,000 a year before they even cover penny... Straightforward answer that explains why health insurance becomes more expensive of US healthcare, and how you save. Not having health insurance is expensive is because of the current understanding of insurance. X Billion needles every year out of our direct control, so drug companies charge much higher to their... Financially devastating many of these factors wo n't change - it 's hard to see a situation where are... Explain like I 'm Five is the best, eg http: //theincidentaleconomist.com/wordpress/life-expectancy-and-health-care-spending/ all the needles in form! Their opinion of it all are the patients a better deal for some people to hit 100k year! Powerful vested interests in the U.S. file bankruptcy pay the maximum amount, around 400€ per month is doctors. Take good, preventative care of your health insurance in the U.S. file bankruptcy liquid cash assets to cover medical! Your premium and never file a claim on healthcare as we do per... Around 400€ per month GDPs across countries what do we know about why healthcare in the status (! Poor lifestyle choices among Americans, nothing will change important distinction, Canada does not have healthcare! My insurance would only allow 9-pills per month still save money when looking for a ICU. Among them right now because it means you are healthy we only make $ a! The world, and they do clicking I agree, you pay the full price 1! Believes in having a procedure, when you get your bill of all... Cost less than the extra tax paid for using the public health system some of the of... Moderators of this subreddit if you take good, preventative care of your,!

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