Private Payer Insurance Is Not Cost Effective And Highly Inefficient

A review of private payer insurance shows an inefficient system.

Compare that to the U.S., where an estimated 137,000 people died over seven years because they were uninsured. Of course, the Brits do pay for their health care in another way – with taxes. their sales tax is a whopping 20% and income taxes are as high as 50%.
All of that money feeds a health care behemoth. The NHS is Europe’s largest employer, with well over 1 million people on the payroll. So you’d think it would be inefficient.

The Financial Toll Of Caring For Those With Alzheimer’s

Although no one wants to look at caring for an ill loved one as a burden, however, there is no denying the overwhelming financial cost involved.

Unpaid caregivers are a huge part of the economy which is growing every year with the increase in Alzheimer’s and dementia cases as baby boomers age.

There is an urgent need to address this national emergency.

Caring for a family member with the personality-draining disease can take a hefty financial and emotional toll. Nearly 15 million people fall into the role of unpaid caregiver for those sick with dementia, according to the Alzheimer’s Association. Add it all up, and it comes to about 17 billion hours of unpaid care valued at $202 billion in 2010 alone.

So to help with the staggering cost of care, the Obama Administration has included $26 million in the proposed 2013 budget. That money will go to education, outreach and support for families affected by the disease.

Just in Time for Breast Cancer Month, Blue Shield of California Won’t Cover Breast Cancer Drug

Blue Shield of California won’t cover an approved breast cancer drug for women suffering from breast cancer.

For many, this drug is the only thing keeping them alive.

Blue Shield of California will no longer pay for the use of the drug Avastin to treat breast cancer, a sign that support for the widely debated and expensive treatment may be eroding among health plans.

Blue Shield, with 3.2 million members, is apparently the first large insurance company to end payments since a federal advisory committee unanimously recommended in June that the Food and Drug Administration rescind Avastin’s approval as a treatment for breast cancer, saying the drug did not really help patients.

The U.S Appeals Court Rules Against Obama Healthcare Law

President Obama’s healthcare plan requiring every American to purchase healthcare insurance was ruled as unconstitutional.

It will be interesting to see how this affects the upcoming election considering that this was such a hot button topic and a cornerstone of his campaign promises.

It has been historically difficult and unpopular to promote national healthcare.

Follow the story here.

The U.S. Appeals Court for the 11th Circuit, based in Atlanta, ruled 2 to 1 that Congress exceeded its authority by requiring Americans to buy coverage, but it unanimously reversed a lower court decision that threw out the entire law.

The legality of the individual mandate, a cornerstone of the healthcare law, is widely expected to be decided by the U.S. Supreme Court. Opponents have argued that without the mandate, which goes into effect in 2014, the entire law falls.

You Can Negotiate for Cheaper Medical Care

Barter with your doctor
Before bringing it up, think about what your doctor might value. Boxer Wachler, for example, is a car enthusiast and has young children, so car services and photos worked well for him, but when a patient who is an artist offered free paintings in exchange for care, he declined.
“If you can’t afford care, just go for it,” Boxer Wachler says. “It can’t hurt to ask. The worst thing that will happen is the doctor says thanks for offering, but no thanks.”

Pay on credit
About half of Boxer Wachler’s patients pay on credit — often over 24 months with no interest. Ask your doctor if he or she has arrangements with credit companies and if not, ask if they would be willing to make them.

Negotiate with your doctor
When Christina McMenemy’s husband lost his job and health insurance, she negotiated a $40 fee for an office visit with her children’s pediatrician.
“You’d be surprised how many doctors, especially primary care physicians such as internists and pediatricians, will do this for their patients,” says Dr. Gail Gazelle, a patient advocate and assistant clinical professor at Harvard Medical School.
The book “My Healthcare is Killing Me” teaches you how to negotiate prices with hospitals, too.

Get financial assistance
The “Healthcare Survival Guide” has a state-by-state listing of resources that offer financial help for medical care.

Get discounted dental care, contact lenses and drugs

Read more here.

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