Do you know where your health Insurance premiums pay go?
79% for healthcare and administration
15% Cost Shifting from Medicare and Medicaid
6-7% gov’t taxes
15% for Cost Shifting? What is Cost Shifting?
Medicare and Medicaid pay on a schedule a and less than commercial health insurance carriers actually they pay on a rate that would make most doctors go broke. But don’t worry the private health insurers make up for it with higher reimbursements to the hospitals and physicians
Health insurance study:
http://www.ahip.org/content/pressrelease.aspx?docid=25218
Why is this bad? Well for one thing you have people with $2500 deductibles paying for medicaid and medicare patients have no deductibles. Fair? NOT at all! the Government needs to stop cost shifting and pay its fair share! if cost shifting was eliminated you would save 15% on your Health insurance. I'm sure the Harvard thinkers probably think I'm oversimplifying the situation.
Did you know NY this year passed additional tax on health insurers to raid the health insurers reserves! Let this be a lesson to you if you have money and live in NY hide it!!
Its like robbing from the rich to pay for the FAT(NY State Government).
Cost shifting Video:
Less Government = A Better Life
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