Did you know that you frequently choose the most expensive care, that you demand an MRI when it’s not necessary, that you pick the most expensive hospital and doctors? Did you know that you don’t care how many annoying, uncomfortable and sometimes even dangerous tests you receive and that you run to the doctor as often as possible even when it’s not really necessary?
That’s not you?
Well you better tell the experts who design your health care and tax systems because they are convinced you and your disregard for costs are a main driver causing high health care spending.
There are two approaches being taken to deal with this problem.
The political left in typical fashion takes the foggy road so you won’t notice. It’s going to tax you into compliance. That’s the infamous 40% Cadillac tax on high-cost, generous, health plans. You know, the kind many unions and public employees have. 😛
The idea is to bring the value of these plans down or make them pay a high tax, higher than the highest income tax around.
The political right has a more direct approach. They call it combining a high-deductible health plan with a health savings account HSA. That’s so you can divert money from saving for college or retirement into an account so you can pay more of those unnecessary and high-cost health care bills you and your family incur.
Am I being sarcastic? You betcha😗 But the fact is that both the approaches above are very real and both are causing you to pay more out-of-pocket for health care.
According to the experts who are oblivious to human nature, the answer is simple, you must become a prudent health care consumer and less a concerned patient.
What do you say?
From my perspective the only insurance I want to use less than health insurance is life insurance 😜