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Using Health Insurance Can Be Detrimental to Your Health

Daniel Paull MD explains why having heath insurance is bad for your health AND your wallet.

In the US, getting health insurance is seen as the responsible thing to do to maintain your health, and protect yourself economically.

But is it?

If you have a high deductible health insurance, of let’s say $7,500, you essentially have to pay close to 20K per year with premiums + deductible + copay before the health insurance company will pay a single dollar. And if you are out of network, they won’t even pay that one dollar!

Where does all of this money come from?

From your pocket.

Even if your employer is paying a chunk, that could be money going to you.

Of course, catastrophic coverage still makes sense.

As far as maintaining your health, by using health insurance, you force yourself into going to providers who take health insurance which leads to high volume models.

7 minutes of facetime lowers the quality of a visit. To top it all off, your insurance may deny treatment that you need.

 

7 minutes of facetime lowers the quality of a visit. To top it all off, your insurance may deny treatment that you need. Click To Tweet

 

Paying cash through DPC obviates the above problems and costs significantly less than using your insurance.

We live in a world where having and using your health insurance in the US is more often than not detrimental to your wallet and possibly to your health.

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