Opinion: Private-sector disrupters, not Beltway bureaucrats, offer best hope of making healthcare affordable and accessible
How can these providers offer care at such affordable prices? Because they obviate the healthcare industrial complex characterized by inflationary kickbacks, secret deals, high administrative costs, and aggressive pricing.
This model incentivizes patients to shop for the cheapest price, exposing providers to the same market pressures that all other businesses face. Sidecar issues policyholders a debit card to pay for care directly to eliminate administrative costs. There are no networks, open enrollments, continuous employment requirements, deductibles, copays, or coinsurance.$300 a month for up to $2 million in annual coverage, dramatic savings from the four-figure monthly premiums most Americans pay.
Skyrocketing health plan costs are forcing more American businesses to follow these disrupters’ lead. Workers and their families will benefit from lower premiums and better coverage.Disrupters are also revolutionizing the prescription drug market. As a result of anticompetitive medication supply-chain middlemen known as pharmacy benefit managers, abouttimes we visit the pharmacy counter, prescriptions cost more paying with insurance than just paying cash.
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