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In last night& #39;s speech by @POTUS, something stood out to me that was overlooked by many pundits: the president spoke of the NEED to fix sky-high health insurance deductibles immediately. It& #39;s not the sexiest topic, but here& #39;s why it matters:
Many think that the only ones suffering in this health care system are those without insurance. They& #39;re struggling big time, but know who else is? People with BAD insurance. The fact is, millions of Americans can’t use their coverage because their deductibles are so damn high.
These millions of Americans with bad plans don& #39;t go to the doctor or get the care they need, like cancer treatments that could save their lives. Why? Because they don’t have enough money to cover their deductible: the amount you have to pay out of pocket before coverage kicks in.
Dems are talking about providing an extra $200 billion to subsidize premiums people pay for Obamacare plans. Insurers love that idea of course. To get that $$, insurers should be forced to slash or eliminate deductibles.
High out-of-pocket costs have become an American scandal.
For now, insurance companies & their shareholders are laughing all the way to the bank. Forcing us to pay through the nose means they pay far fewer of our medical bills. No wonder insurers posted record profits last yr.
For now, insurance companies & their shareholders are laughing all the way to the bank. Forcing us to pay through the nose means they pay far fewer of our medical bills. No wonder insurers posted record profits last yr.
