American healthcare spending reached $2.4 trillion in 2008—and will exceed $4 trillion by 2018, with costs soaring at two to three times the rate of inflation.
If healthcare is already costing the US so much money, how is it possible that costs continue to rise at two to three times the rate of general inflation?
Health insurance is expensive because healthcare is expensive. A disturbing value equation is formed when consumers are isolated from the actual cost of healthcare. Every healthcare consumer is personally responsible for a small portion of our country’s total healthcare spending, and individual users have the power to turn this troubling value equation around.
When consumers are engaged and educated about healthcare costs, total spending slows down, reducing the rate of healthcare inflation. This translates into savings for both consumers and employers.
By offering employees choices and empowering them to make more informed, responsible, and cost-conscious decisions about their lifestyle and healthcare spending, you can create a healthier, stronger, more productive workforce. You will also save your company, yourself, and your employees a lot of money.
It’s time for consumers to share in the responsibility of slowing down rising healthcare costs by leveraging the value of consumer-driven health plans.
Bend the Healthcare Trend is an important contribution to lowering healthcare costs and promoting individual responsibility.
Healthcare used to be personal. Doctors like Marcus Welby visited our homes to take care of us and the process wasn’t complicated. Sadly, that was a long time ago and before the government, health insurers and providers (hospitals, pharmacy, doctors) took over our healthcare. These...
It depends. They already do work together, the model just needs to evolve. How? By respecting the boundary between government and the private market – and the application of private sector management principles, the government can work with the private sector to insure the...