
Is Health Insurance Making Healthcare More Expensive Than It Should Be?

The outgoing year was a tough one for Americans. While inflation and cost of living were on the rise, expensive healthcare continued to add salt to the injuries of Americans. The problem could be deep down in the plan that you have opted for. Experts argue that healthcare in itself is not that expensive.
What makes it costly is the third-party insurer who is paying your medical expenses in chunks. So, are Americans better off without medical insurance? Not really. According to a survey by Kaiser Family Foundation, at least 40% of Americans holistically rely on medical insurance plans to pay their medical expenses. The source argues that since average Americans can not pay their medical bills in cash, opting for health insurance is the only option for them.

Pran / Pexels / According to a survey by Kaiser Family Foundation, at least 40% of Americans holistically rely on health insurance plans – which is a problem in and of itself.
However, it is essential to note here that Americans can not simply say no to medical insurance plans. Especially when there is a looming recession and a soaring inflation rate. At this point, average Americans can not keep up with their living expenses. Let alone costly medical bills. Apparently, the only option for an insurance plan is the only ray of hope for them.
So, what is the problem here, you may wonder? Well, the issue is that the third party who pays your medical bill in chunks is charging way more than the original healthcare bill. In other words, every insurance plan gets its cut prior to paying for your medical expenses. So, as your insurer pays your medical bills in chunks, it charges you for the expanses. Thus, these “additional” charges are on top of your original healthcare bills. As a result, you end up paying more than the actual price of your healthcare bills.

Pixabay / Pexels / Third-party insurer charge “additional” charges as they pay your medical bills in chunks. In turn, you end up paying higher medical expenses.
Therefore, it is essential to choose the right insurance plan. Every patient should be cautious about the “premium” and “additional” charges that come with an insurance plan. In an ideal case scenario, you should not go for an insurance plan – in the first place. As a result, you will be paying fewer medical expenses.
Of course, this means that you should have enough cash handy to pay your medical bills on your own. Otherwise, going back to a third-party insurer is the only option.

Lee / Pexels / It would be ideal if you do not opt for a medical insurance plan in the first place.
Now, the question is: How you can avoid insurance plans? Apparently, you need to have enough cash in hand to pay off your medical bills without the help of any third-party insurer.
An easy way to avoid insurance plans could be saving a decent amount of money in your emergency funds. Every day, keep a fair amount of money aside for emergencies. And when you need to see a doctor, head over to your emergency funds and use them. Viola! You are better off without an insurance plan.
More in Health Insurance
-
`
Taking Too Many Selfies? You Are Probably Suffering From This Mental Disorder
Addicted to selfies? You may find it pretty natural to take a picture of yourself while attending an event, hanging out...
October 24, 2022 -
`
Is There Really A Connection Between Alcoholism And Diabetes?
One legal substance which has steadily contributed to the addiction epidemic across the nation is alcohol. As a matter of fact,...
October 22, 2022 -
`
Everything You Need To Know About Catastrophic Health Insurance
As the name suggests, catastrophic health insurance is a specific type of health coverage option which can be the last resort...
October 20, 2022 -
`
Five Essential Oils That Can Help You Feel Reinvigorated
Almost everyone experiences the mind-numbing and debilitating effects of stress, and you’ve probably tried everything in your kitty to release yourself...
October 18, 2022 -
`
This Is Why Relaxation Is Integral To Weight Loss!
Are you getting stressed out more by trying to eat well for your fitness and body goals? If that is the...
October 13, 2022 -
`
Four Ways to Do Away with Stress During Your Business Travel
Business trips were once meant and reserved for the elite class. The cost of travel and accommodation was so high that...
September 26, 2022 -
`
Four Ways To Increase Your Productivity Through Relaxation
There is a common notion among people that relaxation has an adverse impact on productivity. Most people believe that if they...
September 22, 2022 -
`
BPD VS. Bipolar Disorder: Understanding The Differences
For a layman, there won’t be visible differences between borderline personality disorder and bipolar disorder. After all, both are mental disorders...
September 19, 2022 -
`
Here’s How You Can Stop Yourself From Overthinking Over Every Small Issue That Comes Your Way
While everyone is prone to overthinking once in a while, some people are particularly susceptible to a vicious chain of thoughts,...
September 14, 2022
You must be logged in to post a comment Login