Let’s stop penalizing basically healthy folks who can care for themselves.
FAIRFIELD, N.J. (PRWEB) September 13, 2018
Announced recently, Jeff Bezos, Jamie Dimon and Warren Buffett have joined forces in a health care partnership to improve their employees’ health and their health care coverage. In a recent interview, Dimon was quoted as saying “we don’t expect progress in the immediate future – like a year or two. But if we come up with some great stuff, we’re going to share it with everybody.” In response to the announcement, Peter Gallic, President of Flexefits, sent a letter to the three industry titans suggesting that the benefits of its direct access, direct pay, fixed price model are available to them right now, and his and other direct pay models are causing people to rethink their healthcare.
Gallic stated directly to Mr. Buffett “you’re likely the one of the three who can remember when your mother would say ‘stay off the phone, I’m waiting for the doctor to call back.’ Recall when most of your care was handled over the telephone, and your mom paid cash for most visits, the ‘hospitalization and major medical’ kicking in only for the real expensive procedures and surgical or emergency care? Pretty simple and cost effective, wasn’t it?” Gallic was referring to the virtual care component of Flexefits, which the AMA has claimed could handle about 70% of all health care interactions. Further, Kaiser Permanente has cited that over 50% of their patient interactions are over the phone.
In addition to the virtual care component, Gallic recommended that the trio consider a model that includes provider networks that accept cash from patients, and offer lower fixed rates for services because, he explained “over 100,000 dental access points, the major vision providers, and thousands of surgeons, are pleased to offer generous wholesale pricing for most common procedures, because they no longer have to deal with the 25 – 40% bite claims processing, billing administration and quality reporting takes from their income. They get cash from our customers, and both parties love it.”
The Flexefits president also noted that his type of program is geared toward the younger, healthier component of the population that put the least demand on the country’s health system. They are being penalized with higher premiums and deductibles, explained Gallic, to fund those who need more care. Noting that these healthier individuals and families may still want the peace of mind in case of serious accident or illness, he stated “if they want the extra protection of traditional insurance, modest Critical Illness and Accident Protection insurance is available. Finally, so they get the biggest bang for their hard earned buck, we provide a Health Matching Account which matches their deposits over 35 months, enabling them to pay for actual care when they actually need it.”
Claiming the Flexefits model results in significant savings for their target customers, Gallic said his program “costs as little as $60 a month for the care they will actually use, rather than spending an average of over $14,000 per year in premiums and deductibles for care used by somebody else.” He continued that his and other companies are part of a significant trend toward direct care models so the industry can “stop penalizing basically healthy folks who can care for themselves.” More information about it can be found at http://www.flexefits.com or http://rethinkmyhealthcare.com.