Health Insurance Companies Lowering Their Rates to Customers by 80%!

This news is unbelievable. Maybe the health insurers realized that the public was onto them. I don’t even know. All I care about is that health insurance is now affordable. It looks like the plans have no restrictions on pre-existing conditions but they are still have high deductibles. They seem to cover less bogus maintenance stuff forcing the public to at least try and shop around and be more cost conscious. It’s almost a throwback to the old major medical days. What was normally $1500 a month for a family is now on $300. For that people know that they have a safety net and will not be bankrupted by a medical emergency. Their only risk is their deductible with NONE of them costing more that $3k. In other words, the most out-of-pocket they can pay is the $300 per month or $3600 a year plus the $3K deductible. This seems reasonable for both the insurer to at least be profitable while not gouging customers.

“We felt obligated to put people over profit. The bottom line is that there is no reason to not make health insurance affordable. We need to stop pretending we are the providers. We need to stop getting in between patients and their doctors. We are the insurers, for god sake, and we just need to be there when bad things happen. Only then will we help people”, said April Fullio, President of the American Health Insurer’s Association.

Adding to this is NO more prior authorizations, NO more pharmacy benefit managers, and NO more metrics. For more information on this breaking story click here.

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Douglas Farrago MD

Douglas Farrago MD is a full-time practicing family doc in Forest, Va. He started Forest Direct Primary Care where he takes no insurance and bills patients a monthly fee. He is board certified in the specialty of Family Practice. He is the inventor of a product called the Knee Saver which is currently in the Baseball Hall of Fame. The Knee Saver and its knock-offs are worn by many major league baseball catchers. He is also the inventor of the CryoHelmet used by athletes for head injuries as well as migraine sufferers. Dr. Farrago is the author of four books, two of which are the top two most popular DPC books. From 2001 – 2011, Dr. Farrago was the editor and creator of the Placebo Journal which ran for 10 full years. Described as the Mad Magazine for doctors, he and the Placebo Journal were featured in the Washington Post, US News and World Report, the AP, and the NY Times. Dr. Farrago is also the editor of the blog Authentic Medicine which was born out of concern about where the direction of healthcare is heading and the belief that the wrong people are in charge. This blog has been going daily for more than 15 years Article about Dr. Farrago in Doximity Email Dr. Farrago – [email protected] 

  8 comments for “Health Insurance Companies Lowering Their Rates to Customers by 80%!

  1. mamdoc
    April 5, 2019 at 10:19 pm

    Sorry. I know what day it is.

  2. Bill Ameen, MD
    April 1, 2019 at 1:36 pm

    As of today, all hospital systems are abandoning Press-Ganey scores because they recognize how much stress it puts doctors and nurses under, and the costs saved will be returned as bonuses to their medical staffs.

  3. RSW
    April 1, 2019 at 10:04 am

    Breaking news: DOJ incarcerates entire BOD of ABFM as an “ongoing criminal organization” under RICO Act.

  4. PW
    April 1, 2019 at 8:54 am

    I’m so out of it this morning, you almost had me fooled.

  5. Thomas David Guastavino
    April 1, 2019 at 6:53 am

    I checked the date first as well.

  6. William Katibah
    April 1, 2019 at 6:28 am

    Who else but Doug can write the best 4/1 article! Thanks William Katibah, MD

    • Doug Farrago
      April 1, 2019 at 8:48 am

      LOL. Thanks.

  7. Sir Lance-a-lot
    April 1, 2019 at 6:17 am

    And, first thing in the morning, a message in my work e-mail just said I’m getting a raise — and need fewer RVUs in order to earn it.

Comments are closed.