“Your margin is my opportunity” says Jeff Bezos. American health care finance (insurance) has margins in every crook and cranny. There are up to over 26 margins in a group health insurance plan attracting pigs to the trough.
“Let’s get rid of some of the pigs!” said the plan sponsor. “Why not get rid of all of them! said RiskManagers.us.
And they did……………
Giving Employees A Choice Between Not-So-Free Care and………FREE CARE
BUCA self-funded plans maintain a money pot to pay claims as they occur. Monies leaving the pot are paid in BUCA Bucks.
BUCA Bucks have low purchasing power. Transaction fees of all sorts are charged by third party intermediaries as BUCA Bucks begin their journey to provider bank accounts. Not all of them make it there in a process that often takes weeks and months.
MedSave Bucks have more purchasing power. Low transaction fees make purveyors of BUCA Bucks blush with envy. Third party intermediaries are eliminated. MedSave Bucks, every one of them, journey directly to provider bank accounts in a process that takes 24 hours or less, not weeks and months.
MedSave Bucks are not comingled with People Bucks. Gone are deductibles, co-insurance and copays. MedSave Bucks have a 2-1 advantage in purchasing power over BUCA Bucks.
