- Shopping Bag ( 0 items )
Posted April 26, 2014
The subtitle of this book, Affordable Healthcare Choices in the Age of Obamacare, is in my opinion much more descriptive of the contents. Although focused on those without health insurance who have to pay for any healthcare services out of their own pocket (the “self-pay patient”), there are a lot of ideas that can be applied to minimize healthcare costs for those who do have health insurance. While primarily aimed at the individual, there is also a section discussing options available to a business that would be valuable to business owners and of some interest to employees.
By way of disclaimer and to expose any potential bias I might have on this subject, although the author largely keeps politics out of the discussion, ferreting out which direction he leans (left or right) is easy to figure out and happens to be the opposite from my own leanings. I’m also employed in the health insurance arena, although in a segment I believe the author would find less objectionable than most of the industry.
Having said that, I wouldn’t have been surprised to discover I had significant and far reaching issues with much of this book. It turns out I don’t. The author has issues with the current healthcare system (what he calls bureaucratic medicine) and I have different issues. What I see as the ideal long-term solutions are different than the author’s, too. However, his expertise on where things stand right now and how people can work within the current framework to find what works best for them is excellent. I found The Self-Pay Patient to be almost entirely free of ideology unless the author’s dislike for bureaucratic medicine falls in that category. His approach of having each individual look at their specific situation to determine what works best for them with examples is well done, laying out the considerations and his logic clearly. (Some of his examples even advise that working largely within the current system is the best choice)
I was also impressed that the author was upfront about the major problem of opting out of the current system (not having access to negotiated network discounts) and provides some strategies to deal with this. While I spotted a few things I could nitpick (for example, his explanation of stop-loss insurance for employers with self-funded plans was described as something new ¿ it really isn’t, although possibly I misunderstood the point he was making ¿ and his explanation of how it worked was incomplete), for the purposes here the few things like this I saw were minor and didn’t invalidate whatever point he was making at the time.
There were only two points where I question a claim or explanation that I felt was significant. The first is the contention that health insurance premiums “are likely to be very high compared to insurance available before Obamacare’s exchanges opened.” Assuming he’s talking about comparing apples to apples (insurance plans that are roughly equivalent in coverage), I question whether that is a reasonable assessment. It is certainly possible and will vary widely from state to state. I’d caution (as I think the author would as well) to explore what plans are available in your area and the actual costs when evaluating your options rather than assuming that option won’t work for you.
My second objection is to advising people who choose to go outside of the system to consider plans available through the healthcare exchanges as a safety net. In other words, opt-out unless you’re diagnosed with a serious problem and, if that happens, take advantage of the fact that you can’t be excluded from coverage due to pre-existing conditions. I see that idea, at best, to be morally ambiguous.
**Originally written for "Books and Pals" book blog. May have received a free review copy. **