Monday, August 03, 2009

Inanities in the Health Insurance World #2

A person is quitting the group insurance to get individual right now. Getting the individual plan would save her $12 a month. It's the same EXACT friggin' plan.

Just because of this savings, the person will waste a bunch of administrator's time (NOT DOCTORS) just to save $144 a year. And this process will probably repeat itself next year, wasting more time and money.

What, you thought your insurance premiums was going to the doctors? Nah, it's going to feed this process/status quo. After all, this employee will probably go see a doctor twice next year. But in the meantime, they probably make at least $1k off her next year. Paying a couple of brokers fees and admin time will justify the profits.

But this is how the system works. Every year two or three major insurers in your area compete. And every year they switch off being the better deal. And every year your employer switches. It's the name of the game, baby.



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