Medical ‘insurance’ companies are partnering with various third parties to try and force people (via cost incentives) into excessive testing and gathering invalid metrics (BMI for example). As best I can tell this crap popped up about the time that HSA’s were gaining traction. These businesses want your HSA dollars, and they’ll lie to get it.
For more on excessive testing:
- http://www.choosingwisely.org/ – this one is having problems, here’s the Wikipedia page for Choosing Wisely: https://en.wikipedia.org/wiki/Choosing_Wisely
And that’s just the start. As soon as the average joe started taking control of their healthcare (via high deductible insurance and HSA’s) spending went down, for obvious reasons. The industry can’t abide that and Human Resource departments are completely ignorant and easy to manipulate into pushing this agenda on employees.
As my employer contributes $2500 a year to my HSA account, my ‘portion’ of the pre-paid medical (it’s not health insurance by any stretch of the term) is about $1900 that leaves me an extra $600 a year. When this starts costing me money I’ll get my own insurance at roughly 10% of the total cost (employer pays a huge portion), which is trivial when you get real health insurance that just covers insurable events.
Selling pre-paid medical to businesses who then tout that as ’employee benefits’ is a huge cash cow that I’d rather not participate in… however if they’re going to bribe me..why not.