fbpx

No, You ARE Paying For It

Daniel Paull MD explains why saying "I don't care, my insurance is paying for it" is so wrong.

December 6, 2023

“I don’t care, my insurance is paying for it”.

People everywhere say this all the time, completely ignorant of who is actually paying for their medical care.

No, you are paying for it, you just don’t realize that you are.

In employer sponsored health plans, you pay some of the premium, and your company pays some of the premium.

This allows you to use the plan, meaning that you have paid for the plan.

So even if you never go to the doctor, you are still paying.

Forget all the deductibles, co insurance, co pays etc.

At the end of the day, a large chunk of money is coming out from your employer and from you to the insurance company.

Your employer doesn’t have an unlimited pot of money.

If that money is going to insurance companies for high premiums, it means that it can’t go other places.

A raise for you, bonus, office supplies, etc.

You are actually getting a raise every year, even if you don’t think that you are.

Instead of the money going to you, it is going to pay for your insurance premiums which sometimes increase by double digits year after year.

Wouldn’t you rather have the raise than the money going to some monster health insurance company?

All opinions published on SomeDocs-Mag are the author’s and do not reflect the official position of SoMeDocs, its staff, editors. SoMeDocs is a magazine built with the safety of free expression and diverse perspectives in mind. For more information, or to submit your own opinion, please see our submission guidelines or email opmed@doximity.com. Do you have a compelling personal story you’d like to see published on SoMeDocs? Find out what we’re looking for here and submit your writing, or send us a pitch.

All opinions published on SomeDocs-Mag are the author’s and do not reflect the official position of SoMeDocs, its staff, editors. SoMeDocs is a magazine built with the safety of free expression and diverse perspectives in mind. Do you have a compelling personal story you’d like to see published on SoMeDocs? Submit your own article now here.

Share

Leave a Reply

Your email address will not be published. Required fields are marked *

This learning experience is powered by CMEfy - a platform that brings relevant CMEs to busy clinicians, at the right place and right time. Using short learning nudges, clinicians can reflect and unlock AMA PRA Category 1 Credit.

Of Interest

Subscribe To Our Newsletter

Get updates and learn from the best

Alexandra Stockwell, MD

Speaker: Alexandra Stockwell, MD

Entertaining and inspirational, Dr. Alexandra will share engaging stories and practical tips to uplevel relationships, whether audience members are single, married, happy or struggling.

Meridith Englander, MD

Meridith Englander, MD

Interventional radiologist who practiced for 18 years before leaving clinical medicine for a career at a non-profit, regional health care plan.

Robin Schoenthaler, MD

Robin Schoenthaler, MD

Experienced and accomplished radiation oncologist whose life work is caring for cancer patients and writing and speaking about love, loss, cancer, caring, bereavement, guilt, grief and the complexities of living a full wild and precious life.

Want More?

Be a part of our healthcare revolution. Don't miss a thing SoMeDocs publishes!

Disclaimer: SoMeDocs assumes no responsibility for the accuracy, claims, or content of the individual experts' profiles, contributions and courses. Details within posts cannot be verified. This site does not represent medical advice and you should always consult with your private physician before taking on anything you read online. See SoMeDocs' Terms of Use for more information.

follow us

© 2024 SoMeDocs. All Rights Reserved.

Soak up content & grow

Educational reflections..

Drop your email address below and we’ll email you the link for continuing opportunity pathways from CMEfy. Check your spam folder if you do not receive our email. We’ll also add you to our Sunday newsletter, so you can receive even more of our unique content!

Support A Platform that Celebrates Real Doctors

For as little as $10, you can help keep this openly accessible site available to all & help us sponsor in more doctors.

Interested in subscribing
to our unique content?

Interested in subscribing to our unique content?

Site SoMeDocs Logo, square

WANT TO STAY IN THE LOOP?

DON'T MISS A SINGLE CONTENT PIECE.