Healthcare & Business , What we are choosing?

by ExpertBlogger 11. March 2019 10:44

We have seen many most developed country of the world, and if it has been assumed that it has world’s highest life expectancy then this would be an incorrect supposition. U.S. stands way too below in the ranking of healthcare systems, studies prove that accessibility of care process, administration, drug costs and overall outcomes of these have made America a nation where the healthcare is meant to be for rich. It was estimated that an average American spends around $900 per person on an average and this figure is about five times more than the expenditure by an individual from any other developed country. The lavish medical bills and drug costs has not helped America to have a better life expectancy, but it has resulted in a broken medical system that only led to a higher spending on the healthcare but good health. The end users are falling prey to a system that is non-transparent and highly unpredictable because of the insurance companies not giving any access to the payer at all in the billing system of the treatments that they take or medicines that they buy. The non-interference of the Government to moderate these cost discrepancy has led to further breaking of the system which results in dissatisfied consumers and hence low life expectancy rate. The consumer will hardly be able to decipher the billing details of any treatment he/she had undergone through because this remains the most guarded secret of the insurance companies that work with the hospitals and the providers hand in hand to create a black box around the costing. Different procedures conducted in a facility have different costs and the consumers are billed differently by the hospitals and the amount billed would be always more than the amount covered for that procedure by the insurance company. The deducible factor of a comprehensive health plan is the determinant for cost borne by a consumer. Plans with lower premium and higher deducible will result in more cost to be incurred on the consumer whereas plans with higher premium and low deducible makes the healthcare more affordable to the consumer.

 

An average American has to pay fifty to eighty percent more price for a drug than any other individual of other developed countries like Australia or Canada. American Government do not intervene in moderating the price of the drugs and have set free the pharmacies to levy any amount which they feel is suitable. It is the insurance companies instead of a government regulatory body that decide the price of a particular drug along with the pharma companies. This has a direct consequence on the bearer because for a particular drug the prices will vary across the country which does not depends upon its formulation or demand but it depends on the rate negotiated by the insurance company of the bearer and type of plan he/she has the cover of. This has resulted in the increased price of even the universal drugs that should have been available to the consumer at the lowest best price.

 

There are private authorities that serve as middlemen and earn a lot of money in the supply chain of healthcare system. These bodies help managing the drug costs but not unify it. They make money by maximizing the cost so that they get the differential amount of the copay paid by the consumer above the actual cost of the drug from the pharmacy. This has turned into a profitable business where the providers are concerned with making just money by prescribing drugs, asking for more tests than what actually are required and making sure that there will be more visits to the facility than required so that each visit can help them earn more money, as doctors are paid per service and not per positive outcome of the visit. The entire hierarchy is disruptive and indulge in such malpractices that victimize the consumers. In spite of world class technology and some extremely advanced healthcare techniques being implemented America is unable to bring back a relief to the common man to have these facilities at affordable prices because of the lack of transparency and the third party involvement which primarily look for perverse profits.

Shopping, Gifting & Fun this Season : Happy Holidays

by ExpertBlogger 16. December 2018 17:39

Holiday’s such as nice word to hear, when you hear about holidays then you feel so relaxed and you would like to cheer and enjoy every moment of this, we can meet to friends and family. Share good bad in the year and finally welcome brand new year for new beginning

 

In the holiday seasons along with fun there is another important thing everyone does is shopping , yes tones and tones of shopping which start with thanks giving holidays and ends with I mean it does not really end but kind of stop at new year’s. I personally visit many store during this festival season and this article about to share my experiences. not to mention all the store and online shop they start their holiday preparation well ahead of time right from hiring new extra employees, ordering all the goods and making sure that infrastructure will run and have enough backup plans because they cannot afford to have anything stop for even for hour, the impact that can have on their sales will be huge.

 

Now talking about shopping there are many thinks which surprise me, I mean the amount of discount they offer while this period is insane. Something I think if they can afford to sell any item at that price then what about the people who bought that same item in other time of year at the high price are those are fools. On the other hand some good and articles has almost same price as year around but people just think that this is holiday time and all things are on sale so this is cheap and they tends to buy everything they can. Every time person goes in the store to buy one thing and end up purchasing other items just because it holiday season, also this season is gifting season keeping that in mind all stores designs their product in terms of gifting solutions. And advertise them so hard that they kind of divert one’s mind to go and buy the goods if someone has not thought of buying. 

 

Sometime it just amaze me the enthusiasm of people about shopping in heavy winter , standing in those long lines , for some people it’s fun for some people its thrill and some its experience which they want to enjoy. Every online website is filled with deals and promotion and that what make people eyes to want it. Overall I think alone in this 2 months people must be spending almost double amount they spend in entire year.


So If you are shopping be smart rather than wasting your time from store to store and use technology , look out for your finance and  make your holiday shopping experience better than before.

Think about your insurance, It's Important!!

by ExpertBlogger 12. August 2017 14:16

Some scholar has said that Health is wealth and all of us like to be healthy, wealthy and wise. However, life is unpredictable and it often throws a curve ball at you and suddenly a normal life style translates into a spree of visits to the healthcare centers, a tedious regime of having medicines and the feeling of anxiety each time the visit is made to the physician. Health hazards are inevitable and in today’s times they lead to some serious outflow of money if a proper health insurance policy is not in place. A good health insurance plan acts as a cover during the difficult times when the raging costs of medical care poses financial crisis towards an individual and his/her family. With stupendous development in the technology, the health care has also advanced to match that, however a good healthcare for all kind of ailments which include the life threatening ones as well isn’t so easily accessible yet. The quality treatments and procedures for complex diseases and are still unaffordable by a major chunk of people.

In order to combat this challenge and to cater healthcare to every individual which is the right of every human being Affordable Care Act popularly known as Obamacare was chalked out and executed in America during Obama administration. It clearly cites the importance of a good and quality treatment given to the citizens irrespective of any caste, creed, and gender or class discrimination. Some of the highlights of the controversial ACA are healthcare with gender discrimination, increased cover for individuals, saving the individuals from the unfair costs incurred by insurance companies, providing the healthcare to kids and to larger states of America etc. The ACA bill has made a strong statement throughout the world for the compelling need of robust and effective health policies to be implemented and it’s more of a State’s affair than an individual’s. In developing countries like India health insurance companies have penetrated the market , however they still have a long way to go , as a major chunk of society that includes the people living at or below the poverty line still are unaware of the importance of health insurance and they do not bother to seek one too. The people that belong to middle class and upper middle class sections have become aware and also they buy the medical cover too. In the nineties era buying a health insurance was more of a rich’s affair and a luxury, however with the advent of unhealthy lifestyle and globalization this has become more of a compulsion now. The ease of cashless benefits, appropriate and timely treatment and the reimbursement of the charges incurred irrespective of one’s financial condition. Uninsured people have higher probability of dying due to poor health results than the people who are insured and have medical covers. The uncertainty of situations have led the employers to give a medical cover to their employees in the circumstances where they or any of their family member gets into a medical problem. The follow up medical provisions also become accessible without any hassle. Health hazards are irrespective of age and apart from casualties there are chronic diseases especially noticed in youngsters these days due to pollution, stress, unbalanced diet and sedentary lifestyle.

Health covers are carefully designed to cater to every age group and patients with exceptional needs as well. Getting a policy done at an early has its benefits in form of low premium costs, less waiting period, better coverage and quick renewal. The government of states have started promoting health covers in order to provide good health care to the citizens under unexpected conditions. To combat medical emergencies and to avail better care at the affordable costs, should be the aim of every health plan worldwide. The private and government companies both have a large market in the health insurance sector. The providers and the companies have direct tie up and this has yielded a convenient channel for the insurers to get everything without any manual intervention.

Health insurance is the major breakthrough in the healthcare industry now-a-days due to uncalled for situations and newer medical conditions. Every individual should rightfully be insured and he/she should do this at an early age and for everyone in the family.