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Private health insurance is one of the four major mechanisms used in financing health care and can take a number of different forms.  PHI represents a small share of total health expenditures among the Organization for Economic Co-operation and Development (OECD) countries. However, private health insurance also covers at least 30 per cent of the population in one-third of OECD countries. The USA is the only OECD country where private health insurance is a major funding mechanism for health care (> 35 per cent).

🚀 ICHRA adoption skyrockets nearly 30% in 2024! As businesses face rising group health insurance costs, many are turning to Individual Coverage Health Reimbursement Arrangements (ICHRAs) for their flexibility and affordability. A new report by Remodel Health reveals a 29% increase in ICHRA adoption across industries and organizations of all sizes, from small businesses to large employers. 🔑 With adoption spreading across nearly every state, ICHRAs are revolutionizing how organizations manage benefits, ensuring compliance with the Affordable Care Act while catering to diverse workforce needs. Ready to explore what an ICHRA could do for your organization? Contact us today to learn how we can help you implement this game-changing solution. Download the full article on our blog: https://lnkd.in/eusM47yQ #ICHRA #healthinsurance #medicalexpenses 

7% increase in cost of employer health insurance in 2024 This equates to an increase of $3,000 per family Deductibles increased 4-6% with the average reaching $2000 Leads to smaller raises, job cuts If you're an employer, ask yourself are you getting more value for these increases? If you're interested in alternative benefit options and health plans that provide value to patients and employers set up a meet and greet with Core Family Practice.

Bill Alert! US House Bill HR 5742 - Equitable Health Care for All Act Policy: Health Status: Bill Introduced Full Details: https://lnkd.in/e_DfaTz4 Bill 117 HR 5742, also known as the Equitable Health Care for All Act, is a piece of legislation introduced in the US Congress. The main goal of this bill is to ensure that all individuals have access to affordable and high-quality health care services. The bill proposes several key provisions to achieve this goal. Firstly, it aims to expand access to health insurance coverage by creating a public option for individuals to purchase health insura...

(WALL STREET JOURNAL) - "How Health Insurance Costs Outpace Inflation, In Charts." Inflation is easing across much of the economy. For healthcare? Not yet. The cost of employer health insurance rose 7% for a second straight year, maintaining a growth rate not seen in more than a decade. Finally Access To AFFORDABLE Health Insurance Plans At: HI4E.org #HealthcareCosts #HospitalsPostingPrices #HospitalPriceTransparency #NoSurprisesAct #OutOfNetworkProviders #SurpriseMedicalBilling #TrumpHospitalPriceTransparencyRules #TrumpHealthPlans #TrumpDrugPriceControls #TrumpHealthcareReforms #ObamacareLimitedDoctors #TrumpSurpriseMedicalBillsRule #HospitalBillings #HI4E.Org #SurpriseMedicalBills #MedicalBilling #TrumpMedicalTransparencyPricingRules #TrumpCanadianDrugImportRules #HealthcareCosts #WallStreetJournal #HealthInsuranceForEveryone #ObamacareLimitedProviderNetworks #ObamacareHighOutOfPocketExpenses #HealthAndLifeSolutions #ObamacareHigherDeductibles #ObamacarePlansLimitedDoctors

Like tax forms, do you understand your health insurance coverage? I don't. I never understood why health insurance is tied to your employer, not you as an individual. I never understood why the costs are opaque, the coverage is unclear, and the premiums are sky-high. I never understood why we spend 16% of our GDP on healthcare—the highest in the world—yet Americans are not as healthy as the Japanese or Europeans. This The New York Times article describes the guilty feelings of a young doctor. Even she cannot understand health insurance as a doctor herself. Our healthcare system must change. It's time for the public to demand transparency, accountability, and affordability. Time to change. #health #healthcare #usa #america #ucla #uclaanderson https://lnkd.in/gx2yXmrk

How we frame a discussion matters, "health, healthcare, & health insurance" are connected, but not the same thing. Read Dr. Fischer, MD's full blog post to appreciate the nuance.

The RAND Health Insurance Experiment (RAND HIE) was a landmark study conducted from 1974 to 1982 that investigated the impact of different types of health insurance on health care utilization, costs, and outcomes. It found that: 1) Cost sharing reduced spending for health care services. 2) Participants with cost sharing made fewer medical visits and were admitted to hospitals less frequently. 3) Reduced spending resulted entirely from less use of care; the costs of care were not affected. 4) Cost sharing reduced the use of effective and less effective services about equally. 5) Cost sharing had no detrimental effects on participants' health, except for the sickest and poorest patients. Resource: https://lnkd.in/dA68TKmR

Health insurance companies have as their key stakeholders the equity owners of the companies and thus fully mobilized in monetizing as opposed to facilitating top quality health care delivery. Patients are seeing their care being delayed or denied and for the patients dealing with the insurance company adds another diagnosis (anxiety and depression) in the active list of medical problems. As we all are reading in the newspapers that United Insurance is in the news very often but not for the right reasons.

In this election year, we are likely to hear politicians from both major parties blather on about their preferred solution for “healthcare.” I can accept that intelligent people, acting in good faith, can come to very different conclusions about how our system should be run in the United States, but what drives me crazy is how the very parameters of the debate indicate muddled thinking and an inability to clearly articulate the nature of the problem…. Health, healthcare, & health insurance are 3 terms that are connected to each other, but not the same thing. …our leaders have spent the past few decades debating health insurance (how to PAY for healthcare), they have completely neglected the supply of that healthcare as well as the health of the population…. To read a more in-depth analysis of this complex issue, check out my blog post on this problem. Here on social media, I only touch on the topic. www.DrFischerMD.com — “Listen & Learn” (my blog) —https://lnkd.in/enzZRJsh #health #healthcare #healthinsurance