Future Hindsight

Picking an insurance plan is nearly impossible Although it is no surprise that picking an insurance plan is complicated, it turns out it is nearly impossible. A study by George Loewenstein at Carnegie Mellon reveals that a majority of Americans will choose a suboptimal plan. With access to a full analysis of all the costs and regulations, 80% of us can make a sound decision. Insurance companies drive up costs Insurance companies are not motivated to keep costs down because they can pass them on to us, their customers. Large hospital groups and pharmaceutical companies are also active participants in driving up costs. Patients and independent doctors have no influence in negotiating overall costs down. This is why premiums, deductibles, and co-pays are increasing. Be vigilant Always do good research before seeing a doctor to make sure you are in network and you understand how much you’ll need to pay out of your own pocket. Always double check the bills afterwards. Invariably, mistakes are made and it will take