Andy Schoonover from JoinCrowdHealth.com explains that insurance costs are inflated with bureaucratic costs like brokers’ fees, hospital fees and health plan fees that are “through the roof.” Only 8% of healthcare costs go to doctors, or about $325 billion out of the $4.5 trillion total that is spent on healthcare. 200,000 families in the US go bankrupt every year due to health expenses, even though they have health insurance! Insurance companies can almost arbitrarily deny claims and many plans have very high deductibles. In Texas, one out of five, or 20% of claims are denied and deemed “medically unnecessary.” California, Massachusetts, New Jersey, Rhode Island, Washington, DC have compulsory health insurance, and people pay a penalty if they don’t have insurance.
Many primary care doctors hate health insurance because insurance companies will only pay a small fee for a doctor’s visit and forcing the doctor to only spend a few minutes with each patient in order to make money; the average meeting time with a doctor is 6 minutes. Some doctors are changing over to a cash only system to spend more time with a patient. Ambulatory outpatient surgery centers are also becoming popular.
Schoonover explains an alternative system that has a reduced monthly premium and funding for large bills comes from group members. He reveals how enormous hospital bills can be reduced and gave an example of how a member received a hospital bill for over $400,000 that was reduced down to $70,000.
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We found out that everything you’ve posted is completely correct back in 1987. when my encounter with the medical system was worse than the legal system. It’s designed to string you out forever with distractions to specialists and false attempts to diagnose. I was met with imperious “professionals” who many of which were good people trapped in a corrupt system. The outcome was inconclusive but was sufficient to help get our insurance group cancelled. Guess how hard it was to get more insurance. Since then we found that diligent learning about alternatives have kept us out of the medical system… Read more »
Samaritan Ministries is also a sharing organization in Peoria, IL. I know the founders and it has grown massively over 30 yr or so. It counts as insurance where required.
I believe that this group doesn’t take people my age! (66). We’ve been doing Samaritan Ministries for years and they have no problem keeping us on. We decided to not do medicare
Why does everyone miss the obvious point that our medical system as a criminal / unconstitutional government created and protected monopoly?
Or that the obvious answer is the free market the state in which it existed prior to the flexner report in 1912.
OBAMA SOLD THE U.S OUT TO THE MANAGED CARE COMPANIES AND THE PEOPLE WILL DEFEAT THE DEMOCRATS FOR THE SINS OF OBAMA AS WELL AS CLINTON
MANAGED CARE CASES ARE MOUNTING IN THE TRILLIONS
(FRAUD)- WE NEED TO SHUT THESE MONEY WASTERS
DOWN AND GO BACK TO MEDICARE IT DIDNT WORK