Would You Use Home Insurance To Pay Your Electric Bill? 🤔💡 #healthinsurance #healthcare #insurance
Would you use your homeowner's insurance to pay for your electricity bill?
Of course not. It sounds absurd.
Yet, as Robert Gelb and I break down in the clip below, that's precisely how many Americans are forced to use their health insurance. We've been sold a system that's not really insurance at all, but rather a very expensive pre-payment plan for every single healthcare interaction.
This broken model is a primary reason 65% of all bankruptcies are tied to medical debt; the vast majority of that 65% had health insurance.
When we over-insure every component of the healthcare system, it makes sense that premiums are going to skyrocket.
I joined Robert Gelb in Philadelphia this week to talk about Vālenz Health®'s new solution, ValenzONE. See the full conversation on Self-Funded with Spencer, available now on YouTube, Spotify, and Apple Podcasts.
