It it’s true 80% to 90% of people never hit their deductible that means they’re paying for 100% of their care……..in cash.
By Leon Wisnieski
I often get asked from time to time how does #pricetransparency fit into a health plan? Its very simple but you have to think differently about it.
80% to 90% of people never hit their deductible which means they’re paying for 100% of their care. Pay cash for everything. Get an itemized bill for all treatments
If you never hit your deductible, or maximum OOP, then you don’t need a third party payor. If you reach your deductible, or maximum OOP, then upload all of your itemized bills to your employer for reimbursement/cash card for amounts beyond your limit.
That’s it. There’s no reason to generate a claim and administration cost for payments under your deductible. This is waste. And its also expensive paying a #TPA to administer claims that aren’t needed. Cut them out. Reduce the administrative overhead to really reduce the cost of healthcare.
