Online healthcare insurance: can you pay for medical bills?
Five years ago, mean medical coverage online cost was equivalent of an automobile payment, these days it`s closer to a mortgage. More and more people are faced with a tough dilemma: postpone for an indefinite period their coming appointment with the physician or otherwise start using retirement savings so that they can pay medical expenses. There ought to be a better way to keep our families in good health...
Let us begin with terminology. The commonly agreed upon meaning of an "insurable event" - be it a car crash, a fire at home, or even an earthquake - is an event which
(a) comes with no forewarning;
(b) Is extremely unlikely to happen furthermore
(c) Is clearly unwanted.
Now try to use this meaning to any routine health maintenance occurrence for example a visit to the oral hygienist or an annual physical and you`ll find out that the very concept healthcare insurance online contains an integral contradiction.
Because of monetary reasons, any health care ins scheme operates best in situations where the fewest number of customers actually use the plan (i.e. make claims). This way an insurer makes a profit and is able to decrease the premium which then, attracts additional paying participants who are happy not to exploit the insurance, particularly when it doesn`t cost them too much. Remember, we are discussing a genuine healthcare insurance and a real "insurable event" - an occurrence that is unquestionably undesirable. On the other hand, the health maintenance scheme operates best at times the majority of persons exploit it (namely, get examinations, tests and vaccines). The financial arrangement as well as aims of these two systems are incompatible.
There`s another basic setback regarding the present system: that is the assumption that health care is a advantage of being employed. So in case you`re without a job, self-employed or employed by someone who doesn`t have the power to negotiate of big firms - healthcare insurance online isn`t for you. Even if someone has a workplace provided coverage, new premium hikes could price him out of the range of affordable online medical health insurance. Why? In contrast to virtually any other product, contracts for health care services are negotiated not by the affected groups (doctors, health service institutions and the insured) rather by insurance corporations and the employing businesses.
The list continues, however even before bearing in mind numerous additional problems it should be clear by now that the current fundamentally irrational health care ins system is designed for conflicts and legal battles rather than providing the most excellent health care at the best rates.
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