USA Wealthcare System Part V: Health Insurance

For as little as a $500 out of pocket deductible, auto and homeowner’s insurance can pay hundred’s of thousands of dollars in damages. U.S. health insurance, even company provided plans, costing thousands of dollars can leave policy holders owing huge medical bills and face debt collection and bankruptcy. Insurance companies have no incentive to reduce the cost of healthcare and save policy holders money. In some cases, the a procedure can cost less paying in cash compared to the insurance companies “negotiated rates.”

In This video:

• Why have medical insurance? 00:48
• The medical insurance savings myth. 2:10
• Surprise billing. 4:16
• The medical insurance maze. 5:14
• The appeals and grievance blackhole. 7:09
• Prescription drug insurance. 8:18