• The Healthcare Illusion: Why you are paying more for less

  • Oct 1 2024
  • Length: 23 mins
  • Podcast

The Healthcare Illusion: Why you are paying more for less

  • Summary

  • In this episode, David & Emma tackle the shocking truths about the U.S. healthcare system and how insurance, rather than providing financial relief, can often leave you paying far more than if you went without it. Our hosts dissect the myth of negotiated insurance discounts, explore real-world examples of inflated costs, and question why Americans continue to pay exorbitant premiums, deductibles, and co-pays while receiving subpar care. Featuring thought-provoking discussions on the hidden motives behind health insurance, ways to access affordable care, and how to break free from what we call "Stockholm syndrome" with traditional insurance. Tune in for insights, data-driven revelations, and actionable solutions to help you reclaim control of your healthcare decisions.

    TIMESTAMPS:

    [00:20] Health Insurance Misconceptions

    [02:27]Health insurance perceived differently compared to other types of insurance

    [04:14] - Insights from a hospital CEO about billing challenges and frustrations with payers.

    [07:09] - Exploration of the complexities of premiums, deductibles, and copays.

    [10:39] - Examination of U.S. health outcomes compared to other countries.

    [22:00] - Direct primary care as a potential solution in healthcare.

    QUOTES:

    • "If you want different results, employers, employees, patients, do the opposite. Instead of following the traditional paths that have led to frustration and inefficiency in the healthcare system, consider taking a bold step back and re-evaluating how you approach healthcare and health insurance. Challenge the norms that have been ingrained in us and explore alternative methods that could lead to better outcomes for everyone involved." -David Contorno
    • “And so another way to think about that is when you go and get care and you throw down your BUca based id cardinal that has a buccal logo on it, you are preordaining contractually, not subjectively, not hypothetically, but contractually preordaining you and your health plan to paying the highest price, not just in healthcare, not just in the US, but frankly, known to humans ever in the history of humankind.” -David Contorno
    • "It is not impossible to build a health plan that allows an employer to pay 100% of the air quotes premium for that plan and make it so that there is no deductible and no out of pocket, and they would still save more money than signing that contract with a Buca." - Emma Fox

    SOCIAL MEDIA LINKS:

    David Contorno
    LinkedIn: https://www.linkedin.com/in/dcontorno/

    Emma Fox
    LinkedIn: https://www.linkedin.com/in/emmamariefox/
    WEBSITE:

    E-Powered Benefits: https://www.epoweredbenefits.com/

    Emma Fox: https://emmamariefox.com/

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