by Plantagenet » Sun 04 Dec 2016, 20:22:46
$this->bbcode_second_pass_quote('Ibon', 'T')he most common health insurance that ex pats get here in Panama is World Wide Medical. If the treatment is not available in Panama for your health condition this insurance will send you to a country that provides the treatment. This coverage costs my wife and I a total of $ 3,600 a year. I just had gallbladder surgery and it was 100% covered.
Guess what? This insurance is valid everywhere in the world except one country: The USA. The are no plans with this insurance company with coverage in the USA.
Why do you guys think that is? Because of the astronomical prices for health care procedures in the US.
My Gallbladder surgery was laproscopic, the most modern instruments. Cost out of pocket would have been $ 3,000. In the US if you are not insured $ 14,000. If you have insurance $ 10,000.
A couple years ago in Thailand I had a big kidney stone blocking one of my kidneys and it was enlarged. Here is the treatment I had. Emergency room followed by one night stay in the hospital, X-ray, CT scan. Following day shock wave lithotripsy to pulverize the stone with sound waves. THe CT scan and shock wave were both brand new modern Siemens equipment. Total cost out of pocket for all of the above without insurance = $ 1,600. A urologist int he US told me that would have cost me $ 25,0000 in the USA. The CT scan on my bill in Thailand was $ 200. In the US it would be $ 3-4,000. You plug it in, it works for a couple minutes and it gives you a digital read out. No consumibles. A CT scan machine from Siemens costs anywhere between $ 95k and $165K If a hospital in the US does 4 a day at $ 3000 a pop they can pay back the machine in 15 days. Does that sound right?
Guys, think about this a minute.
I sold surgical operating microscopes for 18 years in my business. The same unit that sold in Brazil for $ 36,000 sold in the US for $ 89,000 Why? You tell me
Drug costs in the US at a factor anywhere between 2 and 20 times prices anywhere else in the world.
How can you design any affordable healthcare plan when pricing is so outrageously high in the USA? How can an insurance company offer affordable rates with the price structure in the US of procedures.
To move on. Both of those procedures I had that I mentioned above included lab work. On my recent gallbladder surgery I gave, urine, blood and feces samples in the morning following my initial appointment. Guess when the lab work was completed? in two hours. Try that in any US hospital.
Whether it be government public option or private insurance you can forget about ever having an affordable solution in the US with the price structures as they are.
Yup. +1
This is one of the main reasons I was so critical of the ACA from the very beginning. The ACA did nothing to address these fundamental problems of the extremely high cost of US healthcare.
For people getting ACA subsidies, the high cost was masked by the government subsidy, but for working people who actually paid the full cost of OCare insurance, it became more and more unaffordable, until the affordability problem reached a crisis point after the very large premium increases we've seen almost across the country this year.
Cheers!