The High Deductible Insurance Hustle
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Remember the days when medical insurance plans had an annual deductible as low as $250 or $500? It seems like a distant memory, doesn't it? So, what exactly happened? Did the cost of medical services skyrocket to the point of inflating insurance prices, or was there something else at play? ????
Let me uncover the truth for you. It all started around the turn of the century when the insurance industry decided to prioritize profits and appease their stockholders. They needed a strategy to increase costs while minimizing consumer resistance. And guess where they turned their attention? That's right—the very companies that provided medical insurance to 50% of consumers: employers. ??
But here's the thing: It wasn't just a simple adjustment. They orchestrated what can only be described as the High Deductible Insurance Hustle. ??
In pursuit of greater profits, insurance companies implemented high deductible plans, burdening individuals with exorbitant out-of-pocket expenses before their coverage kicks in. The idea was to shift the financial burden onto the consumers, leaving them vulnerable and discouraged from seeking necessary medical care. It was a calculated move designed to maximize profits while minimizing their responsibility to provide comprehensive coverage. ??
Curious to dive deeper into the story? Check out this eye-opening video that uncovers the whole truth: ??
?? Video: https://vimeo.com/815035223?share=copy?