We are talking about the new economic realities of healthcare in 2016 – and two recent pieces in the New York Times and the Wall Street Journal.
To discuss all this is my guest. Dale Bellis is the executive director and co-founder of Liberty Health Share. Dale, welcome back.
For the record, I am a member of Liberty Health Share and my company works with them on videos and other marketing activities. Dale, for folks who don’t know, Liberty Health Share is medical cost sharing which is what?
How does Liberty Health Share and medical cost sharing keep costs so low?
Let’s get into these two recent stories in the media. The first one is from The New York Times. It explains a recent survey by the Kaiser Foundation that showed -- even people who are insured are facing crushing debt. 20% of the people under 65 -- with health insurance -- had trouble paying their medical bills. They have high deductibles to meet first before insurance kicks in – sometimes upwards of 10-thousand dollars. Then they have co-pays or caps on how much insurance can pay.
We’ve talked about this happening for more than a year now. Why is this happening?
What’s also fascinating in that study is only 53% -- with no insurance – were having problems. I say only because you would think 80 or 90% would think that way. Why is that and what does that tell you?
This cost trend is one reason Liberty Health Share has seen a 6-fold growth in 2015. Let’s get into the second recent article – this one from the Wall Street Journal.
Folks, if you are interested call 888-616-9443.
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