Insurance Woes
A great cartoon from the Kaiser Health News website that pithily captures the “wonders” of the American health insurance system.
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Time To Abolish High-Deductible Health Plans
Euphemistically referred to as Consumer-Directed Health Plans, high out-of-pocket insurance is in theory supposed to incentivize people to scrutinize the cost and quality of their medical care, thus bringing pressure on providers to lower the price and/or raise the quality of their services. This theory isn’t borne out in practice. As a matter of practice…
High Healthcare Costs — Are Insurance Premiums a Cause or an Effect?
In 2010, the state of Rhode Island decided to tackle high healthcare costs. It did so by requiring insurers to meet affordability standards. The plan worked, but not for the reasons you probably suspect. Let’s start with what Rhode Island’s standards look like. It required several things of insurers: Premium caps – with annual inflation equal…
