Embodiment of corruption: Your health insurance network

A friend of mine forwarded me the following article this morning.  It provides a birds eye view of healthcare pricing, and what your network “discounts” really amount to.  If the public had a real understanding about how their healthcare is priced, we’d have a revolution in this country.  Read about and understand the corrupt nature of healthcare pricing by following the link below.  Then contact your representatives and ask for change!

Embodiment of corruption: Your health insurance network

A Picture Worth a Thousand Words-Where Does Your Health Insurance Dollar Go?

Back in 2006, Price Waterhouse Coopers did an excellent synopsis on what percentage of each healthcare dollar was spent on what.  It was a fantastic breakdown, and it’s really difficult now, to find that old document on the internet.  But today, I finally found the picture that I’ve been looking for! The breakdown isn’t much different today, so the picture still applies.  Costs might even be heavier today on care vs. profit.  But this visual, I’ve found to be very helpful, when trying to think through possible solutions to today’s health insurance cost crisis.

Take a look at this picture.  What do you see?  Given what you see, where do you think the problems with our healthcare system lie, and how would you propose to your congressmen and women to fix it?

My friend, Dr. Robert Nelson, has some suggestions, offered in his blog, The Sovereign Patient: When Did Health-Care Become One Word?

 

Congress Gets Health Care Wrong by Ignoring Friedman’s Law

Love, Love LOVE this article.  Just read it!

“Friedman placed spending into one of four categories. In essence, he created a matrix. On one side is whose money is being spent. Your money can be spent, or someone else’s money can be spent. On the other is on whom the money is spent. The money can be spent on something you receive, or on something someone else receives. The matrix creates four categories.” …

Congress Gets Health Care Wrong by Ignoring Friedman’s Law