The Car Dealership Analogy That Explains All of Healthcare. #HealthInsurance #analogy
Would you write a car dealership a blank check to charge you whatever they wanted for a new truck?
The answer is obviously no, since you'd almost definitely be put in a disadvantageous position. But it’s a perfect illustration of how we think of insurance cards as "blank checks", consent to services without any idea of the final cost, and how we end up with "$200 aspirin" on our bills.
Riley Dearing, CSFS has the perfect audience for this analogy: car dealership employees. In the clip below, he shares how he uses this story to explain the absurdity of the healthcare industry and specifically fully-insured healthcare to them.
