Posts in tag
Insurance
Why Don’t People Price Shop For Medical Services?
Here is list of things we’ll buy without bothering to look at the price: a pack of gum, a coffee, and… knee surgery? There are several reasons why people don’t “shop around” for healthcare prices. Underlying this phenomenon is the fact that we’ve been shielded from the true cost of healthcare for so long, we’ve …
How Health Insurance Was Born
By Dr. Rachot Vacharothone, Owner of Medallus Medical A Brief History The practice of prepaying for medical care initially involved prepayment directly to doctors and hospitals for whatever limited services they could provide. Then it quickly transformed to prepaying a third-party administrator—a middleman—instead. This allowed members to access larger health systems and more facilities. This was the birth …
