HEALORA BLOG

21Dec, 2016

What Happens When Employers Are Squeezed By Healthcare Costs?

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Obviously, it gets passed along……and that means the Employee ultimately pays for it. High Deductible Health Plans are far less expensive which is why Employers offer them and Employees choose them. Unfortunately, when it comes time to pay for that broken arm that is $1,500 it is less than the $2,000 deductible so the employee has to pay Out-Of-Pocket (OOPs). In many cases the employee could find a cash option which is less than using insurance and paying the deductible. Healthcare providers will pass along all of the administrative, bureaucratic […]
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8Mar, 2016

Many Say High Deductibles Make Health Law Insurance All But Useless

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Robert Pear, Nov 14, 2015 WASHINGTON – Obama administration officials, urging people to sign up for health insurance under the Affordable Care Act, have trumpeted the low premiums available on the law’s new marketplace. But for many consumers, the sticker shock is coming not on the front end, when they purchase the plans, but on the back end when they get sick: sky-high deductibles that are leaving some newly insured feeling nearly as vulnerable as they were before they had coverage. “The deductible, $3,000 a year, makes it impossible to […]
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8Mar, 2016

The how and why of escalating hospital costs – A doctors perspective

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Recent articles illustrated large pricing divergences among hospitals for similar services. Hospitals understandably are not only challenged by extensive regulatory constraints but also required to have many costly services staffed and available at any time of day or night. Those “availability” costs are allocated to patient bills and as such are difficult to establish a true cost of a given service. Cost allocation is the name of the game and the actual cost of the specific medical service remains elusive even to the most astute. A good size community hospital […]
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8Mar, 2016

Transparency Is A Touchy Subject

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It’s one of the last market strongholds desperately clutching to its principles of price secrecy, and it won’t go down without a fight. But many experts say this stands as one of many reasons the industry continues to drag its feet in the innovation arena. A provider generally functions as a profit–driven business, and if the consumer remains unable to compare hospital prices and outcomes, the chances of crafting effective incentives to improve quality and reduce costs are effectively nearing zilch. Are hospitals with the most prestigious reputation necessarily producing […]
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