Many in US can no longer afford the total cost of health care - Kaiser 2019

Employer Health Insurance Is Increasingly Unaffordable, Study Finds New York Times

Kaiser 2019 report

• "While some people, usually higher-paid professionals or union members, enjoy generous coverage from their job, people making $25,000 or less — about 36 million Americans — are the most likely to be priced out of coverage, he said."

• High­Deductible Health Plan with Savings Option = HDHP/SO

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Cost of deductables has increased along with the cost of drugs

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HAVEN is trying to reduce medical costs

• Amazon, Berkshire Hathaway and JPMorgan Team Up to Try to Disrupt Health Care NYT Jan 2018

• https://havenhealthcare.com/

• https://en.wikipedia.org/wiki/Haven_(healthcare)

• Nov 2019 Plans working with existing insurnace companies would include:

  • Free preventive care,

  • No coinsurance or deductible,

  • $15 copays for visits to in-network primary care doctors

  • A flat fee (fixed copays) for medical services, procedures and prescription drugs

  • Annual out-of-pocket maximums

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Medicaid is now paying many medcal bills

• Medicaid pays for 70 percent of US pregnancies for women under age 25 – April 2019

• Medicaid pays medical bills of 40 percent of children and 46 percent of pregnancies - Aug 2018

  • Medicaid Provides Health Coverage for 28 Percent of Black Adults and 57 Percent of Black Children July 2017

  • 20% of the entire US population on Medicaid

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Cost of US health exceeds the cost of food