Health Insurance prices are going through the roof. Just about every family is being affected by the outrageous prices. A multitude of things are causing these prices to rise. Bureaucratic red tape interferes with the doctor-patient relationship and drives costs higher.
The current system of third-party payers takes decision-making away from doctors, leaving patients feeling rushed and usually still sick. Politicians also are ones that make the important decisions that should be left up to the doctor and the patient. Yet health insurance premiums and drug costs keep rising.

Another reason costs are rising is due to inflation. Despite what you may have been taught, inflation is not a result of the free market. It is a result of government intervention in the economy and the monetary system. Government creates inflation whenever they do deficit spending (which is almost all of the time). So, because the value of the dollar has gotten considerably weaker over the past several years, this has also lead to the rising costs of health insurance.

For decades, the U.S. healthcare system was the envy of the entire world. Not coincidentally, there was far less government involvement in medicine during this time. America had the finest doctors and hospitals, patients enjoyed high-quality, affordable medical care, and thousands of private charities provided health services for the poor. Doctors focused on treating patients, without the red tape and threat of lawsuits that plague the profession today. Most Americans paid cash for basic services, and had insurance only for major illnesses and accidents. This meant both doctors and patients had an incentive to keep costs down, as the patient was directly responsible for payment, rather than an HMO or government program.

These problems are hard ones but they can be solved. The answer is not a system of outright socialized medicine, but rather a system that encourages everyone - doctors, hospitals, patients, and drug companies - to keep costs down. As long as “somebody else” is paying the bill, the bill will be too high.

So, how can you help to decrease health insurance? First, vote for politicians that understand the monetary system and how free markets work. Our country needs a strong dollar again. Get the government out of the healthcare business. Prices will fall if the free market were allowed to work. Beyond politically, there are several things you can personally do to keep costs down.

First, you just need to get healthy. Lose some extra weight and exercise more. You’d be surprised how much better you will feel and how much costs will drop.

Second, you can increase the amount of out-of-pocket expenses. This will keep your premiums low.

Third, is to shop, shop, SHOP around at private insurance companies. Compare multiple ones until you find the one that suits exactly your needs for the price you want to pay.

Tags: health-insurance

Label: Why Health Insurance so high?