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KatterineKellyTom QuigleyTimPeter Recent comment authors
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Katterine
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Good question. I’m arguing that there is no answer, yet! Whenever there is talk about consumer driven health, some commentators argue against the consumer driven healthcare, based on the assumption that people do not want to take responsibility to educate themselves sufficiently to be able to make their own health decisions. This clearly is a huge assumption, based on little data. Fact is, we, (US or the world) never had consumer or market driven healthcare. Never. If you want to call high-deductible insurance plans combined with an HSA or websites like localdentist4less.com market driven health care, you ain’t seen nothing… Read more »

Kelly
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Kelly

Here’s something fun about these plans – when you do pay out of pocket, I have discovered that not everything is applied to your deductible. We had a $276 bill, and when I did the math, I discovered the company had only applied $131 to the deductible. When I called the insurance company, they said that they deemed that our doctor performed unnecessary tests, and they wouldn’t apply that amount to the deductible. I asked since it was coming out of my pocket, what did they care? I figure we will pay about $6000 to reach our $4000 deductible.

Tom Quigley
Guest

JD are you a janitor for Anthem? You sound like a janitor I know there. What wax are you using on the floors these days? I bet the administration costs are through the roof for Mr. Clean. I would personally use Ajax just like the name. Any way if you want to save on health insurance give me a call love to chat. 513-677-6262

Tim
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Tim

Gee… imagine that. An insurer claiming HSA plans are “more costly to manage”. And fraud is everywhere. It happens quite often with all kinds of investments. I am working on a securities case at the moment in which several individuals bilked their own FRIENDS and FAMILY out of roughly 86 million over a period of 6 or 7 years. Nothing like selling fake debenture notes and unregistered securities for a quick windfall. Except for that federal lawsuit thing… that’s gotta suck. The fact that someone ripped of HSA money and 401k money is just that. It was a pool of… Read more »

jd
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jd

David, Several mistakes here. First, the point was about health insurance, not the “health care industry” as a whole. As in, within health insurance, this area is more than usually filled with a kind of fast and loose attitude that is compatible with outright fraud. Second, he wasn’t claiming that fraud is not committed elsewhere. We all know full well that it is. Your point doesn’t even make sense. It’s like if I said, “Retired Americans are more attracted to warm climates than Americans of other ages” and you responded “You’re wrong on that. Old people live in all parts… Read more »

David Hogberg
Guest

jd, If Matt was arguing that crooks are especially attracted to one area of the health care industry, then he is wrong on that too. Crooks are attracted to all areas of the health care industry. Also, your write: And as someone who is gainfully employed by a health insurer, I have no patience for those who blithely tout high-deductible policies to individuals as some kind of fix to our problems, meanwhile the administrative expense ratio on these products is about twice as high as on products with more complete coverage that are sold to groups, and profit margins (though… Read more »

Peter
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Peter

Ah, bankruptcy, the final refuge for corporate crooks that leave the victims holding squat.

MG
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MG

Instead of ranting and raving, the posters on this thread should actually read the article. This is simply a guy who had a total lack of ethics and embezzled a lot of money. Subsequently, he got caught and is rightly facinga possible lengthy jail sentence.

jd
Guest
jd

It’s remarkable how an emotionally-charged subject can make people’s reading comprehension skills go into the toilet. Matt wasn’t claiming that all private health insurance has a special appeal to crooks. Rather, the point was about a specific, small segment of the health insurance industry. And as someone who is gainfully employed by a health insurer, I have no patience for those who blithely tout high-deductible policies to individuals as some kind of fix to our problems, meanwhile the administrative expense ratio on these products is about twice as high as on products with more complete coverage that are sold to… Read more »

Tom Leith
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Tom Leith

Where is Stella when we need her?
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Stuart Browning
Guest

Thanks for setting me straight David.
With less freedom, there would be less fraud – and therefore we’d be more free.

David Hogberg
Guest

Stuart,
No, I think Matt is correct on this one. Being a crook isn’t a flaw of human nature, it is a flaw of markets. Clearly there is no fraud in government-run health care systems. There is no fraud in Medicare or Medicaid.
Fraud only exists in market-based health care. Therefore, we must adopt government-run health care.

neimon
Guest
neimon

Indeed. How wrong all those other 1st world, industrialized nations must be to assume healthcare is a right and not a monied priveledge!
Vote now for anarchy! Um. Oh. Wait.

john
Guest

“Statism!” Well. Now the gloves come off!!

neimon
Guest
neimon

Aha. One of those who believes “free market economy” means “everyone gives me his or her money, for free.”
Such things always carry the seeds of destruction within the overwhelming ego. If only he’d stuck it in an offshore account instead of classing up the joint with Japanese art…