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Why You Need to Stop Taking Insurance

Daniel Paull, MD, writes about how insurance companies have systematically subtracted value from the doctor patient relationship.

Physicians need to stop contracting with insurance companies.

Not just a few, all of them.

This seems like an extreme measure, but it really isn’t.

What value are they really adding to the doctor patient relationship?

 

Physicians need to stop contracting with insurance companies. Not just a few, all of them. This seems like an extreme measure, but it really isn't. What value are they really adding to the doctor patient relationship? Click To Tweet

 

If anything, they have subtracted value.

They make physician practices hire an army of staff just to do billing and coding.

These leads to high volume practices that turn into mills.

The goal is to get as many patients through as possible and bill the absolute maximum.

Care suffers as billing and coding take over everything.

 

They make physician practices hire an army of staff just to do billing and coding. These leads to high volume practices that turn into mills. Click To Tweet

 

Many would say that they are paying for care, thus allowing people to get treated.

But in most cases it’s really the employer who is shelling out all the money to the insurance companies, and is really paying for care.

Some companies are on the forefront of this and have dropped large insurance plans all together.

They self fund their employees healthcare because paying out of pocket is less money and provides better care than what insurance companies promise.

 

Some companies self fund their employees healthcare because paying out of pocket is less money and provides better care than what insurance companies promise. Click To Tweet

 

It’s not that direct care providers are better than doctors in the system.

It’s that the business model of deliver is better. A physician can do a better job when they see less patients and have more time.

Less time spent dealing with insurance companies = better care.

Many physicians have already dropped insurances.

I have, and I hope more join the movement.

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