Health care costs in America are too high. People are having to choose between sending their children to school and paying their medical bills. It’s not right! There’s another way, your health care costs don’t have to be so expensive. We will show you how.
First, we need to establish why health care costs are so expensive. Then, we can understand how to beat the system.
The main culprits are medical insurance companies and medical facilities. There are better alternatives to fund your health care costs – we will show you how medical cost sharing can save you so much in the long run. Plus, we’ll throw in some tips and tricks to help you pay less.
Who is Profiting From High Health Care Costs?
Many people see traditional health insurance as the answer to high health care costs. This couldn’t be further from the truth. Health insurance companies are actually one of the main reasons that health care costs are so unaffordable. Here’s what you really pay for when funding your health care costs through medical insurance:
- The monthly insurance premium – this can be expensive, particularly for those who aren’t on a group plan or getting subsidized by work.
- The deductible – now, we are getting to the real sticky business. The deductible is the amount that you have to pay out-of-pocket before the medical insurance pays a dime towards your health care costs. High deductible plans have become popular because they have lower premiums.
This makes no sense for the client, but people are desperate. If you’re in financial hardship, you can’t afford to pay $10 000 worth of health care costs – even if it isn’t one big, bulk payment. So, what lands up happening is that, even with health care insurance, people are avoiding medical care. This is because they can’t afford to pay for the deductible portion. Again, you are paying much more and receiving less.
- Copayments and coinsurance – are out-of-pocket amounts that patients have to pay above and beyond their premiums and deductible. The copayment is a fixed amount you pay for a service, let’s say you pay $50 per GP visit. The coinsurance is then the percentage of the remaining costs (normally 20-30%) that you have to pay for. So, for example, it costs $300 to see your GP. Assuming you’ve paid your deductible, you will have to pay a $50 copayment and then 25% of the remaining $250 ($62.50). So, you’re paying $112.50 out of the $300 – over and above your premiums and deductibles.
Health Care Costs Pay Greedy Corporations
It’s shocking. Health insurance companies are simply not providing a return of investment for their clients. The reason for this is the under-handed pricing system that medical insurance companies use. You don’t know how much you have to pay until after you have already gotten treatment. Not to mention the mounds of red tape and semantics designed to confuse you.
Health insurance companies sell health as a commodity and, because people don’t know better, the US is being caught hook, line, and sinker. A company that sells health isn’t going to try to bring down the costs of health care for better access. No, they are going to hike up prices and make health care more exclusive. It’s sad that, despite the lack of pricing transparency and value for money, health insurance companies hold the majority market share.
Research shows that hospital prices increase at a much faster rate than physician-care rates. This means that, even though the price of care is staying relatively constant, hospital care is much more expensive. So, hospitals are just increasing their profit margins. It’s a sad day when even our hospitals are just trying to make a quick buck.
The Guy on the Ground Doesn’t See the Money
High health care costs aren’t benefiting your doctor. After paying a bill of thousands of dollars, you might find that hard to believe, but it’s true. Doctors are being pushed to cram in patients like sardines – more patients, more profit. Even when doctors work for themselves, they have to compete with major players – forcing them to adopt the same sausage-factory mindset. So, although doctors earn well, their medical integrity is compromised because they can’t give their maximum attention to each patient. They are also overworked because they are expected to reach unrealistic targets. This affects you because, basically, you’re paying more for poorer care.
How Can We Decrease Health Care Costs?
Firstly, we need to ditch medical insurance. Medical cost sharing is not profit-driven; it’s community-driven. Tried and tested in the Christian community, medical cost sharing has been around for the last thirty years. Members of church communities came together in response to unrealistic, exorbitant health care costs to raise money. Together, they figured out how to beat the system.
The principle is simple – each member of the community pays a monthly contribution, this is then paid into a community fund. The fund then pays for medical expenses, as and when they arrive. No networks, no copayments, just simple community fundraising.
How Scoop Medical Cost Sharing Decreases Your Health Care Costs
At Scoop Health, we have taken this traditional medical cost sharing method and brought it into the 21st century. Our members enjoy the ease of modern technology matched with good ol’ American values. Here’s how we save our community members from unnecessary health care costs:
- Members save up to 60% on their monthly membership, as compared to medical insurance.
- We will help you negotiate with your provider when you have large health care costs. You don’t have to take large medical bills, such as surgeries and hospital stays, at face values – most providers are willing to negotiate.
- Our members register as cash patients. Did you know that providers charge you more depending on your insurance plan? The cash rates of care are usually much lower than insurance rates.
- Our members save unnecessary health care costs by utilizing our complimentary 24/7 telemedicine services. Instead of going to the doctor every time you have a cold, you can skip the consultation fees by simply consulting a telemedicine doctor.
- All our members are entitled to an expert second opinion. Often, this results in members not having to undergo expensive and often painful surgeries.
This is really a no-brainer. The better care you take of yourself, the lower your health care costs will be. Risky behaviors, such as smoking and excessive drinking, seriously increase your chances of getting sick. On the other hand, a healthy diet coupled with regular exercise drastically decreases your likelihood of chronic illness. If you don’t invest time in your health, be prepared to spend money on your sickness.
While we can’t prevent every illness, we can give ourselves a better chance at a healthy life.
At Scoop Health, we reward our healthy members. Risky behaviors and factors like age and chronic illness cause members to pay a higher sharing rate. This prevents individual members from having to bear the extra financial burden when they are low-risk.
Let’s Cut Down Those Health Care Costs Together!
Medical cost sharing is a proven way to decrease your health care costs. There is a reason it has stuck around for the last thirty years. It works! For too long our health has been in the hands of money-hungry corporations. This for-the-community-by-the-community approach to managing health care costs is how we can take our power back.
Learn how much you can save each year by switching to Scoop Health!