Why the medical insurances are so expensive ?
I receive a letter from my plan indicating an increase of the 20% of the monthy payment for the next year. The funny (or tragic) thing is that I only visit a doctor one or two times a year.
Tags: Expensive, insurances, Medical
All healthcare insurance premiums have been rising faster than the inflation rate. The rates are not tied to your individual use history.
Insurance rate follow the cost of delivering benefits for everybody in the risk pool not just you. Your premiums are paying somebody else’s benefits. Some year you may hit the jackpot and get real sick and other peoples premiums will pay your bills.
Ask the lawyers.
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Every year this happens to us. I can’t wait to see what Blue Cross is going to say next May, because 2 of us had surgery this year totaling more than $200,000. I guess you could say we got our money’s worth this year, though I would have preferred not to have to have had surgery. Currently our annual premiums total $31,316 for 3 of us (my husband’s Medicare alone is $6,635 a year though he takes no medicines at all). Then we have to pay $6,708 a year for his Ex wife’s HMO. Finally, we pay a medical bookkeeper $965 a year to track everything and keep these insurance companies and doctors honest. Usually she saves us that much money every year. If I told you that it is eating into our “retirement” I would not be exaggerating. And, there are 9 more years to go before I am old enough to qualify for Medicare.
Because the insurance is one of the most profitable businesses around. With 25% or more profit. See the movie “Bulworth”.